Medtronic Phone Number: Medtronic plc is a US-based medical device manufacturer. The company now has its operational, executive, and legal headquarters in Minneapolis, Minnesota, and its operating headquarters in Ireland as a result of its 2015 acquisition of the Irish company Covidien. It operates in more than 150 countries, employing about 90,000 people, with the US serving as its main market. It develops and manufactures medical equipment and therapies.
| Company Type | Public limited company |
| Founded | 1949 |
| Phone Number | 1800-209-6777 |
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| Official Website | Click here to visit |
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Contents
History
Phone number for Medtronic: About half of the $4 billion global market for heart-pacing devices, such as pacemakers and defibrillators, is held by Medtronic, Inc., a well-known medical technology company. Heart valves, angioplasty catheters and stents, implantable medication delivery devices, surgical tools, hydrocephalic shunts, autotransfusion supplies, and implantable neurological pain, tremor, spasticity, and incontinence management systems are among the other products offered by the company. as well as disposable tools for managing and keeping an eye on blood during surgery. The company, which has its headquarters in Minneapolis, Minnesota, operates in more than 120 countries and is divided into three regions: Asia/Pacific, Europe/Middle East/Africa, and the Americas.
Worldwide Ranks
Medtronic Phone Number: According to 2017 revenues, Medtronic was named the largest medical device company in the world in May 2018 (see table below).
Medtronic and Wright Medical Group were the only U.S. tax inversions of a U.S. medical device company in history, according to Bloomberg’s database of U.S. tax inversions as of March 2017. Medtronic’s 2015 inversion to Ireland was over $100 billion, while Wright’s 2015 inversion to the Netherlands was $3.3 billion. The Wall Street Journal reported in February 2018 that the largest U.S. business tax inversion carried out between 2013 and 2016 was Medtronic’s tax inversion to Ireland in 2015. Medtronic was listed as the largest business tax inversion in history in May of 2018.
| Rank | Company name | 2017 Revenue ($ m) | Legal headquarters (tax registration) | Executive headquarters (if different from legal) | Parent company (if a subsidiary) |
|---|---|---|---|---|---|
| 1 | Medtronic | 29,710 | Dublin, Ireland | Fridley, Minnesota, U.S. | – |
| 2 | DePuy Synthes | 26,592 | Raynham, MA, U.S. | – | Johnson & Johnson |
| 3 | Fresenius Medical Care | 20,900 | Bad Homburg, Germany | – | Fresenius SE |
| 4 | Philips Healthcare | 20,896 | Amsterdam, Netherlands | – | Philips |
| 5 | GE Healthcare | 19,116 | Chicago, Illinois, U.S. | – | General Electric |
| 6 | Siemens Healthineers | 16,206 | Erlangen, Germany | – | Siemens |
| 7 | Cardinal Health | 13,524 | Dublin, Ohio, U.S. | – | – |
| 8 | Stryker | 12,444 | Kalamazoo, Michigan, U.S. | – | – |
| 9 | Becton Dickinson | 12,093 | Franklin Lakes, New Jersey, U.S. | – | – |
| 10 | Baxter International | 10,561 | Deerfield, Illinois, U.S. | – | – |
Competitors and Alternatives
- Abbott Laboratories
- Stryker Corporation
- Boston Scientific Corporation
- Johnson and Johnson (J&J)
- Fresenius Medical Care
- Philips Healthcare
- GE Healthcare
- Siemens Healthineers
- Cardinal Health, Inc.
- Becton Dickinson (BD)
- Baxter International
- Edwards Lifesciences
- Roche Group
- Danaher Corporation
- B. Braun Group
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Criticism
Animal rights
PETA vowed to present a shareholder resolution in 2005, 2008, and 2010 calling on the company to raise its standards for animal welfare. It made an effort to halt five particular animal experiments in 2005 because it thought they were “crude and cruel”. PETA voiced its opposition to the outsourcing of animal testing to nations like China that have weak regulations protecting animal welfare in 2008. 2010 saw an effort by PETA to put an end to Medtronic’s alleged use of live animals for training and testing.
In response, Medtronic carried out a feasibility analysis and discovered. It would be impossible to forbid the use of live animals. Medtronic said in 2015. It would explore alternatives going forward, although it still used live animals for training and testing. After discussing each situation with Medtronic’s shareholders, PETA withdrew its shareholder resolution.
Ireland-based tax inversion
With the acquisition of Irish-based Covidien (a prior U.S. tax inversion to Ireland in 2007) for $42.9 billion in cash and stock, Medtronic stated in June 2014 that it would carry out a tax inversion to Ireland. By moving its legal headquarters to Ireland and keeping its executive and operational offices in the United States, Medtronic was able to take advantage of Ireland’s advantageous low corporation tax structure and avoid paying taxes on almost $14 billion in foreign assets. This was made possible by the tax inversion. Given the modifications made to the U.S. tax legislation in 2016 to prevent the Pfizer-Allergan Irish tax inversion. Medtronic’s tax inversion is currently the largest in history and is probably going to stay that way.
Reaction to Russia’s invasion of Ukraine in 2022
Medtronic declined to leave the Russian market and join the international community during the Russian invasion of Ukraine in 2022. Yale University research, revised on April 28, 2022, categorised how corporations were responding to Russia’s invasion. Medtronic was found to be in the worst category, “Digging In,” which refers to companies who are refusing pleas to leave or reducing their activity.
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