Medtronic's Diabetes Business Rebrands as MiniMed Ahead of IPO

Medtronic Announces New Diabetes Company to be Spun Off Officially Named MiniMed. New Company NameAiming to pay tribute to the company's historyHistoryRoot Cause（202001Medtronic Acquires MiniMed for $3.7 BillionMiniMedIs a leading insulin pump manufacturer. Medtronic acquisitionMiniMed, which has brought Medtronic into the diabetes treatment field and made Medtronic the top player in this field.。), whileHighlights its profound legacy of leading global diabetes care transformation for forty years.

Executive Evaluation

"Our journey began in 1983 when visionary entrepreneur Alfred E. Mann founded MiniMed, revolutionizing diabetes care through numerous groundbreaking innovations. These achievements have continuously pushed the boundaries of medical science, simplifying life management for countless diabetes patients worldwide. We are deeply honored to pay tribute to forty years of remarkable history with this name that carries profound significance and trust. As we step into an exciting new chapter, we remain steadfast in our mission to enhance the predictability of diabetes management, empowering every patient to live life to the fullest."

---Que Dallara  Executive Vice President and President of Medtronic's Diabetes Business,MiniMedIncoming Chief Executive Officer

Medtronic is expected to complete the spin-off within 18 months through a series of capital market transactions. Medtronic willPrioritize the IPO and then the spin-off path(i.e., list first, then spin off). After the spin-off is completed, Medtronic is expected to benefit from its economies of scale as well as strategic commercial, manufacturing, and technical...Surgical Synergy Effect ObtainedEnhanced Benefits。Meanwhile,MiniMedExpected to become a leading, large-scaleDirect-to-Consumer (DTC)'s enterprise. AndWill continue to advance the development of its product portfolio, which includes tools for diabetes management, such asAutomatic Insulin Pump, Smart Insulin Pen, and Continuous Glucose Monitor (CGM)。

MiniMed is located in California.Northridge, with the current number of employees exceeding 8,000.MiniMedCommitted to breaking through the boundaries of innovation, developing solutions to reduce burdens and improve quality of life., Heavyweight technology for improving health outcomes, reshaping the standard of medical care.In the fiscal year 2025,MiniMedCurrently occupies Medtronic8% of revenueAnd4% of the department's operating profit。