Medtronic, Inc. CEO Decides Against Spine Division Spinoff
Published: Nov 03, 2011
Medtronic Inc. .Medtronic Inc. Latest from The Business Journals Medtronic introduces new spinal fusion productMedtronic debuts new spinal fusion procedureThe case of the shrinking stent Follow this company .plans to hold onto its spine business, despite its troubles, and keeps all of its other businesses as well — except one.
CEO Omar Ishrak told Reuters that the Fridley-based company is more valuable with its various businesses in place. Some analysts had suggested that Medtronic spin off its spine business, which has taken some lumps this year.
The one business that may be on its way out: Physio-Control, which Medtronic said earlier this year it would try to sell.