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Medtronic, Inc. (MDT): Two Strong Drivers of Future Growth



3/9/2011 8:13:00 AM

Guru Focus -- Medtronic Inc. (MDT), based in Minneapolis, started in the founders' home garage in 1949 and is now the world's largest specialized medical devices company. (Note that JNJ´s medical devices/diagnostic unit had a 2010 turnover of 24.6B compared to Medtronic´s $15.8B) The company is involved in the following key areas: cardiac rhythm disease management or CRDM (pace-makers etc), spinal disorders, cardiovascular disease (stents etc), neuromodulation, diabetes (insulin pumps), surgical technologies and physio-control. The company has a market cap of around $42B and currently receives over 40% of revenues from outside the US.

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