Medtronic Says it Will Discontinue Ventilator Business

Medtronic has decided to exit the ventilator market citing lack of profitability.

The company says it will combine the remaining patient monitoring and respiratory intervention businesses into one business unit called Acute Care and Monitoring (ACM).

Medtronic says it “will continue to honor existing ventilator contracts to serve the needs of its customers and their patients, and expects that existing manufacturers, who today account for the majority of the market, can meet customer demand for new ventilators moving forward.”

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