Business

Medtronic: Then and now

December 17, 2010 at 3:10AM

1960

Employees: 50

Revenue: $180,000

Net loss: $16,000

Products: 13 devices, including pacemakers, Telecor heart-activity monitors, coagulation generators (to control bleeding during surgery)

2010

Employees: 40,000

Revenue: $15.8 billion

Net income: $3 billion

Products: Pacemakers, implantable and external defibrillators, cardiac stents, neurostimulators, heart valves, spine surgery devices, insulin pumps, glucose monitors and more.

Beginning words of mission statement: To contribute to human welfare by application of biomedical engineering in the research, design, manufacture and sale of instruments or appliances that alleviate pain, restore health and extend life.

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