Medtronic, Inc.
Type	Public (NYSE: MDT)
Founded	1949
Headquarters	Minneapolis, Minnesota
Key people	Art Collins, Chairman and CEO
Industry	Medical technology
Products	Medical devices
Revenue	USD $10 Billion (2005)
Employees	32,000
Slogan	"Alleviating Pain • Restoring Health • Extending Life"
Website	www.medtronic.com

Medtronic, Inc. (NYSE: MDT), based in Fridley, Minnesota, is the world's largest medical technology company. Listed among Fortune 500 companies, Medtronic is a publicly traded company and is listed on the New York Stock Exchange under the symbol MDT. The company was founded in 1949 by Earl Bakken and Palmer Hermundslie and is credited with manufacturing the first wearable artificial pacemakers. However, they started off with much more modest intentions, acting as a repair company, servicing medical equipment in local hospitals. Medtronic's main competitors for cardiac devices are Guidant (now a division of Boston Scientific) and St. Jude Medical. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Nickname: City of Lakes Motto: En Avant (French: Lets go!) Location in Hennepin County and the state of Minnesota. ... Category: Possible copyright violations ... // European Definition COUNCIL DIRECTIVE 93/42/EEC of 14 June 1993 concerning medical devices defines a ‘medical device’ as: any instrument, apparatus, appliance, material or other article, whether used alone or in combination, including the software necessary for its proper application intended by the manufacturer to be used for human... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up slogan in Wiktionary, the free dictionary. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ... Fridley is a city in Anoka County, Minnesota, United States. ... Antarctica Oceania Africa Asia Europe North America South America Middle East Caribbean Central Asia East Asia North Asia South Asia Southeast Asia SW. Asia Australasia Melanesia Micronesia Polynesia Central America Latin America Northern America Americas C. Africa E. Africa N. Africa Southern Africa W. Africa C. Europe E. Europe N... Category: Possible copyright violations ... The term company may refer to a separate legal entity, as in English law, or may simply refer to a business, as is the common use in the United States. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... A publicly traded corporation often refers to a company whose shares are traded on the open market, such as a stock market. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ... 1949 (MCMXLIX) was a common year starting on Saturday (the link is to a full 1949 calendar). ... Earl Bakken and Palmer Hermundslie founded Medtronic in 1949 in Minneapolis, Minnesota. ... A pacemaker A pacemaker (or artificial pacemaker, so as not to be confused with the hearts natural pacemaker) is a medical device designed to regulate the beating of the heart. ... Repair and Maintenance is fixing any sort of mechanical or electrical device should it get out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble from arising (preventive maintenance). ... A hospital today is an institution for professional health care provided by physicians and nurses. ... Wikinews has news related to this article: Guidant announces more defibrillator problems Guidant Corporation NYSE: GDT designs and manufactures artificial pacemakers, implantable defibrillators, stents, and other cardiovascular medical products. ... St. ...

Medtronic followed a path familiar to technology historians, starting in a garage in northern Minneapolis. The company expanded through the 1950s, mostly selling equipment built by other companies, but some custom hardware was also developed. The employees eventually came to know Dr. C. Walton Lillehei, a noted heart surgeon who was then at the University of Minnesota. Dr. Lillehei was frustrated with the pacemakers of the day, which relied on wall current to operate. This was extremely troublesome because power outages would cause patients to die. This article or section does not cite its references or sources. ... Nickname: City of Lakes Motto: En Avant (French: Lets go!) Location in Hennepin County and the state of Minnesota. ... // Recovering from World War I and its aftermath, the economic miracle emerged in West Germany and Italy. ... Dr. C. Walton Lillehei (October 23, 1918–July 5, 1999) is known as the Father of Open-Heart Surgery. ... The heart and lungs, from an older edition of Grays Anatomy. ... A cardiothoracic surgeon performs a mitral valve replacement at the Fitzsimons Army Medical Center. ... Washington Avenue Bridge at night The University of Minnesota, Twin Cities, almost always abbreviated U of M, and sometimes referred to as The U by locals, is the oldest and largest part of the University of Minnesota system. ... Type F Mains power plug & socket The term “mains” usually refers to the general purpose AC electrical power supply (as in “Ive connected the appliance to the mains”). The term is not usually used in the United States and Canada. ... Tree limbs create a short circuit in electrical lines during a storm. ...

Bakken built a small transistorized pacemaker that could be strapped to the body and powered by batteries. Work into this new field continued, producing an implantable pacemaker in 1960. Assorted discrete transistors A transistor is a semiconductor device, commonly used as an amplifier. ... Four double-A (AA) rechargeable batteries In science and technology, a battery is a device that stores chemical energy and makes it available in an electrical form. ... The term implant has different meanings: in Scientology, see Implant (Scientology) in medicine, see prosthesis This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ...

The company has continued to innovate in the medical business and is considered an economically-important company for Minnesota. A key attribute in understanding the company is that it remains very focused on the mission originally written by co-founder Earl Bakken in the early-1960s. The first paragraph of the 6 paragraph mission statement reads: This box:  • • An economic system sucks(social institution) which deals with the production, distribution and consumption of goods and services in a particular society. ... Capital Saint Paul Largest city Minneapolis Area  Ranked 12th  - Total 87,014 sq mi (225,365 km²)  - Width 250 miles (400 km)  - Length 400 miles (645 km)  - % water 8. ... Earl Bakken and Palmer Hermundslie founded Medtronic in 1949 in Minneapolis, Minnesota. ... The 1960s decade refers to the years from January 1, 1960 to December 31, 1969, inclusive. ...

"To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life."

Medtronic makes a wide array of implantable electronic devices, from the relatively common ICD or implantable cardioverter-defibrillator, to devices for managing urinary incontinence and obesity to name just a few. An implantable cardioverter-defibrillator (ICD), also known as an automated implantable cardioverter-defibrillator (AICD), is a device that is implanted under the skin of patients that are at risk of sudden cardiac death due to ventricular fibrillation. ... This article or section is not written in the formal tone expected of an encyclopedia article. ...

On April 22, 2005, Medtronic paid US$ 1.35 billion to settle a patent lawsuit and also to acquire disputed spine surgery-related patents from Gary K. Michelson. April 22 is the 112th day of the year in the Gregorian calendar (113th in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ... A patent is a set of exclusive rights granted by a state to a patentee (the inventor or assignee) for a fixed period of time in exchange for the regulated, public disclosure of certain details of a device, method, process or composition of matter (substance) (known as an invention) which... It has been suggested that civil trial be merged into this article or section. ... Gary K. Michelson - Wikipedia /**/ @import /skins/monobook/IE50Fixes. ...

Medtronic Diabetes

Medtronic Diabetes is the diabetes management manufacturing and sales division of Medtronic based in Northridge, California. The original company Minimed Technologies was founded in the early 1980s and spun-off from Pacesetter Systems, in order to design a practical insulin pump for lifelong wear. Most devices at the time were either too large or impossible to program and extremely unreliable. The release of the lightweight, menu-driven MiniMed 500 series changed the landscape, and was a major factor in bringing pump usage to the mainstream. By the early 2000's Medtronic had bought out Minimed to form Medtronic Minimed. This article is about the disease that features high blood sugar. ...

Current models consist of the MiniMed Paradigm 522/722. It is the first Insulin Pump which integrates continuous glucose monitoring, allowing patients to see in real time their glucose level. As well as insulin pumps Medtronic Diabetes also makes Continuous Blood Glucose Monitoring Systems (CGMS) for use as a stand alone system or integrated into their Minimed Paradigm 522/722 series pumps. Medtronic Diabetes also makes a large range of accesories and componets for their insulin pump and CGMS products.

The Former Medtronic Minimed logo

As of March 2007 the MiniMed name has began to be absorbed into the parent company, Medtronic. Medtronic has kept the MiniMed name to brand their insulin pumps, for example: The MiniMed Paradigm 722. Medtronic frequently uses Medtronic Diabetes as the name for the divison, it is unclear to the extent the division will be integrated into Medtronic, as it still maintains its own website. Many products and marketing material still say Medtronic MiniMed, as the brand is being phased out.

See Also

Insulin Pump

Diabetes This article is about the disease that features high blood sugar. ...

External links

• Medtronic, Inc., website
• Medtronic Diabetes in the United States
• Medtronic Diabetes United Kingdom
• Yahoo! - Medtronic, Inc. Company Profile
• IMNO Interviews Bill George Former Chairman and CEO of Medtronic