Medtronic finds its place in orthopedic market with knee-implant service: 5 observations

Written by Megan Wood | November 11, 2016 | Print  |

Dublin, Ireland-based Medtronic unveiled its new business unit, which will offer joint-replacement products, according to Minneapolis/St. Paul Business Journal.

Here are five observations:

 

1. In preparation for market entrance, Medtronic acquired Minneapolis-based Responsive Orthopedics, a startup developing affordable implants.

 

2. The new business unit, Medtronic Orthopedic Solutions, will assist hospitals in developing and managing bundled payment programs.

 

3. Medtronic plans to help providers plan procedures as well as offer implants and bleeding-control technology.

 

4. If Medtronic proves successful in cutting hospital costs, the company will receive a share of the saved amount.

 

5. Medtronic plans to launch its knee-implant service in 2017.

 

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