Medtronic announced that it has decided to keep the Patient Monitoring and Respiratory Intervention businesses as a part of Medtronic, given changing market conditions. These businesses will get increased investment and be combined and called Acute Care & Monitoring (ACM).
Medtronic also made the decision to exit the ventilator product line.
Amid evolving market conditions and a shift to lower acuity ventilators, this decision aligns with Medtronic’s strategy to concentrate resources on our market-leading positions and accelerate innovation-driven growth.
While this decision will take time and planning, we are committed to supporting our existing ventilation customers. We will continue to provide service and support throughout the ventilator life cycle, along with meeting our service contract obligations.
For more information, please visit our website.