Medtronic

Medtronic is a global leader in healthcare technology focused on developing and manufacturing medical devices and therapies to treat chronic diseases. Founded in 1949 and headquartered in Minneapolis, Minnesota, the company operates through four primary business units: Minimally Invasive Therapies, Diabetes, Restorative Therapies, and Cardiac and Vascular. Medtronic's innovative solutions address a wide range of health issues, including heart failure, Parkinson's disease, obesity, chronic pain, spinal disorders, and diabetes. By providing advanced medical technologies and services, Medtronic is committed to improving the quality of life for patients worldwide. The company's portfolio includes minimally-invasive devices, such as those for treating brain aneurysms and strokes, underscoring its dedication to enhancing patient care through progressive healthcare solutions.

Richard Kuntz

Senior Vice President & Chief Scientific & Clinical & Regulatory Officer

Tony Semedo

SVP & President of Aortic & Peripheral Vascular

Past deals in Minnesota

Saluda Medical

Debt Financing in 2019
Saluda Medical Pty Ltd., established in 2013 and headquartered in Artarmon, Australia, focuses on developing innovative medical devices for the neuromodulation industry. The company's flagship product, Evoke, is an investigational closed-loop spinal cord stimulation system designed to measure and adapt to the spinal cord's response to stimulation. By adjusting the stimulation on every pulse, Evoke aims to optimize therapeutic outcomes for patients within their individualized treatment parameters. Saluda Medical's foundation is built on years of research from Australia's NICTA and is supported by a team of experienced engineers, clinicians, and professionals dedicated to advancing medical technologies. The company also has offices in Bloomington, Minnesota, and Harrogate, United Kingdom.

Saluda Medical

Series D in 2017
Saluda Medical Pty Ltd., established in 2013 and headquartered in Artarmon, Australia, focuses on developing innovative medical devices for the neuromodulation industry. The company's flagship product, Evoke, is an investigational closed-loop spinal cord stimulation system designed to measure and adapt to the spinal cord's response to stimulation. By adjusting the stimulation on every pulse, Evoke aims to optimize therapeutic outcomes for patients within their individualized treatment parameters. Saluda Medical's foundation is built on years of research from Australia's NICTA and is supported by a team of experienced engineers, clinicians, and professionals dedicated to advancing medical technologies. The company also has offices in Bloomington, Minnesota, and Harrogate, United Kingdom.

Inspire Medical Systems

Series F in 2016
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was founded in 2007 and is headquartered in Golden Valley, Minnesota.

Responsive Orthopedics

Acquisition in 2016
Responsive Orthopedics is a start-up focused on sales of low-cost hip and knee replacements. Its products are intended exclusively for healthcare providers participating in federal programs to reduce the costs of hip and knee procedures. The company was founded in 2013 and is based in Minneapolis. In June 2016, Responsive Orthopedics was acquired by [Medtronic](/organization/medtronic).

Medtronic

Acquisition in 2015
Medtronic is a healthcare technology company focused on developing innovative solutions for chronic diseases. Founded in 1949 and headquartered in Minneapolis, Minnesota, Medtronic operates through four main business units: the Minimally Invasive Therapies Group, the Diabetes Group, the Restorative Therapies Group, and the Cardiac and Vascular Group. The company manufactures a wide range of medical devices and therapies aimed at treating over 30 chronic conditions, including heart failure, Parkinson's disease, urinary incontinence, obesity, chronic pain, spinal disorders, and diabetes. Medtronic also owns Medina Medical Inc., which specializes in minimally invasive devices for treating brain aneurysms and strokes. Through its products and services, Medtronic is dedicated to improving patients' lives and providing lifelong solutions for those suffering from chronic health issues.

Inspire Medical Systems

Series E in 2014
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was founded in 2007 and is headquartered in Golden Valley, Minnesota.

Cardiocom

Acquisition in 2013
Cardiocom is the leader in telemedicine solutions for daily remote patient monitoring and disease management. Cardiocom provides health professionals with home telemonitoring equipment and telehealth services to identify symptomatic patients and intervene early to prevent unnecessary hospitalizations. Cardiocom addresses CHF, COPD, Asthma, Diabetes, Hypertension and Obesity. We offer a variety of health monitoring product and service options to meet your organization's specific needs. Cardiocom can provide in-house case managers with the Cardiocom OMNIVISOR PRO® Patient Management System, TELESCALE® for CHF management and COMMANDER for complex patients with multiple diseases. Cardiocom's proven, proactive solutions for daily patient disease management result in improved quality of life and direct savings to the health management group.

Inspire Medical Systems

Series C in 2012
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was founded in 2007 and is headquartered in Golden Valley, Minnesota.
Functional Neuromodulation is a medical technology company that specializes in developing neuromodulation therapies aimed at treating Alzheimer's disease and other cognitive disorders. Established in 2010, the company is headquartered in Toronto, Canada, with an additional office in Minneapolis, Minnesota. Its primary offering is a deep brain stimulation (DBS) technology, which involves a surgically implanted device that delivers mild electrical pulses to specific areas of the brain. This approach is designed to enhance neural activity and modulate memory circuits, ultimately assisting patients in managing symptoms associated with memory and cognitive impairments. Through its innovative therapies, Functional Neuromodulation aims to improve the quality of life for individuals suffering from these challenging conditions.

Invatec

Acquisition in 2010
Invatec (www.invatec.com) is an innovator in the development and commercialization of interventional coronary and peripheral products, with global headquarters in Europe. Driven by research and technology, Invatec actively collaborates with physicians and centers of excellence to develop products that will improve life expectancy and quality of life for patients. The company’s core competencies include polymer processing, metallurgy, surface treatments and drug coatings. Invatec is vertically integrated with full in-house capabilities to design, develop, manufacture and assemble its 35 product families currently offered in more than 70 countries. Dedicated to “making ideas come alive,” the company was founded in 1996 by Andrea Venturelli and Stefan Widensohler, and employs approximately 900 people, predominantly in Brescia, Italy, and Frauenfeld, Switzerland.

Inspire Medical Systems

Series B in 2009
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. The company also develops a novel, a closed-loop solution that continuously monitors a patient’s breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. Inspire Medical Systems, Inc. was founded in 2007 and is headquartered in Golden Valley, Minnesota.

Restore Medical

Acquisition in 2008
Established in 1999, Restore Medical is a privately-held company focused on becoming the primary resource for physicians specializing in sleep and breathing disorders. Restore Medical has developed and markets proprietary implant technology which addresses such disorders as snoring and sleep apnea. The company's first product based on this technology, the patented Pillar™ System, received market clearance from the Food and Drug Administration in late 2002 and is currently available throughout the United States. Restore Medical also distributes other related high-quality products to the Ear, Nose and Throat physicians through our dedicated sales team. Located in St. Paul, Minnesota, Restore Medical manufactures the Pillar™ System in its onsite state-of-the-art Class 100,000 Clean Room. The company is ISO 9001 certified and utilizes an intranet-based quality and product development system. Restore currently employs a team of approximately 55 professionals.

NDI

Acquisition in 2008
NDI Medical LLC is a venture capital firm established in 2002, headquartered in Cleveland, Ohio, with additional offices in Chapel Hill, North Carolina, and Minneapolis, Minnesota. The firm specializes in seed and startup stage investments, focusing on innovative companies in the medical equipment and neurodevice sectors. NDI Medical aims to develop high-growth enterprises that create neurostimulation technologies and medical devices to address significant health conditions related to the brain and nervous system. Its team comprises experienced entrepreneurs, scientists, and professionals in various fields, including clinical and regulatory affairs, product development, quality assurance, and finance.