Medical device industry giant Medtronic (NYSE:MDT) took time on Twitter today to recognize its 65th anniversary, citing April 29, 1949, as the day when a fateful partnership gave rise to the world’s largest pure-play medical device company.
Medtronic was founded as a medical equipment repair shop by Earl Bakken and brother-in-law Palmer Hermundslie, operating out of a garage in Minneapolis. Their 1st month in business the duo made $8 for repairing a centrifuge. For a while the company also repaired television sets to make ends meet.
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