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Feb 23, 2010

Medtronic Third Quarter Revenue Increases 10% to $3.851 Billion; Raises Lower End of EPS Guidance for Current Fiscal Year

Non-GAAP diluted EPS of $0.77 grew 8%; GAAP diluted EPS of $0.75 grew 21%International revenue of $1.615 billion grew 11% on a constant currency basis; 22% as reportedFree cash flow exceeds $1.3 billion; GAAP cash flow from operations of $1.488 billionWorldwide ICD revenue growth of 5% on a constant currency basis; 9% as reportedWorldwide CardioVascular revenue growth of 21% on a constant currency basis; 28% as reported

MINNEAPOLIS, Feb 23, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE:MDT) today reported financial results for the third quarter of fiscal year 2010, which ended January 29, 2010. The company...
Feb 23, 2010

Medtronic Chairman and CEO Bill Hawkins Elected American Institute of Medical and Biological Engineering Fellow

MINNEAPOLIS, Feb 24, 2010 (BUSINESS WIRE) -- Medtronic, Inc., (NYSE: MDT), today announced William A. Hawkins, chairman and CEO, has been elected a Fellow of the American Institute of Medical and...
Feb 19, 2010

Physio-Control Resumes Unrestricted Global Shipments of Its LIFEPAK(R) Defibrillators

REDMOND, Wash., Feb 19, 2010 (BUSINESS WIRE) -- Physio-Control Inc., a wholly-owned subsidiary of Medtronic, Inc. (NYSE: MDT), announced today it received notice from the U.S. Food and Drug...
Feb 18, 2010

Medtronic Board Approves Fourth Quarter Cash Dividend for Fiscal Year 2010

MINNEAPOLIS, Feb 18, 2010 (BUSINESS WIRE) -- The board of directors of Medtronic, Inc. (NYSE:MDT), today approved a cash dividend of $0.205 per share of the company's common stock. The dividend is...
Feb 17, 2010

Rebecca Bergman Elected to National Academy of Engineering

Medtronic Vice President Becomes Part of Elite Group of Engineers

MINNEAPOLIS, Feb 17, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT) announced today that Rebecca Bergman, vice president of new therapies and diagnostics in the Cardiac Rhythm Disease...
Feb 10, 2010

Medtronic to Announce Financial Results for Its Third Fiscal Quarter

Webcast Scheduled for 7 a.m. CST, February 23, 2010

MINNEAPOLIS, Feb 10, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT), announced today it will report financial results for its third fiscal quarter on Tuesday, Feb. 23, 2010. A news release...
Feb 10, 2010

German Appeals Court Says CoreValve Devices From Medtronic Do Not Infringe Edwards Lifesciences' Andersen Patent

Consistent With Lower Court Ruling, Latest Legal Decision Enables Uninterrupted Access to Leading Transcatheter Heart Valve in Germany

MINNEAPOLIS, Feb 11, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT), announced today that an appeals court in Germany has found that the CoreValve(R) transcatheter aortic valve system does...
Feb 8, 2010

Medtronic Donates Medical Supplies to Haiti Relief Effort

Company Response Surpasses $2.1 Millionfor Immediate and Long-Term Relief Efforts

MINNEAPOLIS, Feb 08, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT) announced today that the company has donated nearly $900,000 in medical devices and surgical supplies to help meet urgent...
Feb 5, 2010

Study Suggests Slide-On(R) EndoSheath(R) System Provides Several Advantages over Traditional Germicidal Immersion

Study Presented at the Combined Sections Meetings of the Triological Society, the most prestigious society in Otolaryngology, received the John J. Conley Resident Research Award (Eastern Section)

MINNEAPOLIS, Feb 05, 2010 (BUSINESS WIRE) -- Results of a clinical study presented Thursday, Feb. 4 at the annual Triological Society meetings in Orlando, Fla., suggest a sterile barrier sheath...
Jan 28, 2010

Medtronic Announces Two Late Breaking Clinical Trials Accepted for American College of Cardiology Meeting

First Release of STOP-AF Data on Medtronic Arctic Front(R) Cryoballoon for Paroxysmal Atrial Fibrillation Patients

MINNEAPOLIS, Jan 28, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT) announced today pivotal data for the Medtronic Arctic Front(R) CryoAblation Catheter System will be presented as a late...
Jan 25, 2010

Medtronic to Acquire Invatec and Affiliated Companies

Acquisition Will Expand Product Offering and Pipeline for Cardiovascular Interventions

MINNEAPOLIS, Jan 25, 2010 (BUSINESS WIRE) -- Moving to expand its impact on peripheral vascular disease,Medtronic, Inc. (NYSE:MDT), announced today that it has signed a definitive agreement to...
Jan 25, 2010

Medtronic Receives FDA Approval for First Replacement Heart Valve Implanted without Surgery

Melody(R) Transcatheter Pulmonary Valve Offers Non-Surgical Valve Replacement Option for Congenital Heart Disease Patients

MINNEAPOLIS, Jan 25, 2010 (BUSINESS WIRE) -- In a significant development for congenital heart disease patients, Medtronic, Inc. (NYSE: MDT), announced today that its Melody(R) Transcatheter...
Jan 21, 2010

Medtronic Pledges $1 Million to Haiti Earthquake Relief

Funding provided for immediate and long-term relief efforts

MINNEAPOLIS, Jan 21, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT) announced today that it has pledged $1 million through the Medtronic Foundation to support earthquake relief efforts in...
Jan 19, 2010

Medtronic Seeking Long-Distance Runners Who Benefit from Medical Technology

"Global Heroes" Will Receive Entry and Travel to the Medtronic Twin Cities Marathon or Medtronic TC 10 Mile in October

MINNEAPOLIS, Jan 19, 2010 (BUSINESS WIRE) -- Medtronic (NYSE: MDT) announced today it is recruiting runners from around the world who benefit from medical technology to participate in the fifth...
Jan 4, 2010

Medtronic CEO William Hawkins to Speak at 28th Annual J.P. Morgan Healthcare Conference

MINNEAPOLIS, Jan 04, 2010 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT), today announced it will participate in the 28th Annual J.P. Morgan Healthcare Conference on Monday, Jan. 11, 2010, in San...
Dec 18, 2009

Medtronic Introduces the SOVEREIGN(TM) Spinal System for Lumbar Surgery

MEMPHIS, Tenn., Dec 18, 2009 (BUSINESS WIRE) -- Medtronic, Inc. (NYSE: MDT) today announced the U.S. launch of the SOVEREIGN(TM) Spinal System. The SOVEREIGN Spinal System is an intervertebral...
Dec 16, 2009

The Medtronic Foundation Offers Grants to Schools Participating in Online Sudden Cardiac Arrest Response Training

Application Deadline is Jan. 15 for Schools Promoting the American Heart Association's Be the Beat Online Campaign

MINNEAPOLIS, Dec 16, 2009 (BUSINESS WIRE) -- The Medtronic Foundation today announced new grant opportunities for schools participating in and promoting the American Heart Association's Be The...
Dec 8, 2009

Medtronic Hires Renowned Cardiologist as Vice President of Medical Affairs for Coronary and Peripheral Business

MEDTRONIC HIRES RENOWNED CARDIOLOGIST AS VICE PRESIDENT OF MEDICAL AFFAIRS FOR CORONARY AND PERIPHERAL BUSINESS

Researcher, Educator and Innovator Prof. Martin Rothman Assumes New Role with Industry Following 37 Years of Clinical Practice Medtronic, Inc. (NYSE: MDT), today announced the hire of Prof. Martin...
Dec 6, 2009

Pivotal Study of Medtronic Deep Brain Stimulation Therapy Shows Long-Term Reduction in Seizure Rate in Patients with Severe Epilepsy

Ongoing Research Focuses on Optimizing DBS Therapy for Patients

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 6, 2009-- Long-term data from an investigational study of Deep Brain Stimulation (DBS) Therapy for Epilepsy was released this week by Medtronic, Inc. (NYSE:MDT)...
Dec 3, 2009

Medtronic Board Approves Third Quarter Cash Dividend for Fiscal Year 2010

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 3, 2009-- The board of directors of Medtronic, Inc. (NYSE:MDT), today approved a cash dividend of $0.205 per share of the company’s common stock. The dividend...
Dec 2, 2009

Medtronic Names Michael J. Coyle as Executive Vice President and Group President of Cardiology Businesses

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 2, 2009-- Medtronic, Inc. (NYSE:MDT), today announced the appointment of Michael J. Coyle as executive vice president and group president of its Cardiology...
Nov 29, 2009

Medtronic Announces the Grand Opening of Its New Diabetes Center in San Antonio

MINNEAPOLIS & SAN ANTONIO--(BUSINESS WIRE)--Nov. 17, 2009-- Medtronic, Inc. (NYSE:MDT) today announced the grand opening of its new Diabetes Therapy Management and Education Center in San Antonio....
Nov 25, 2009

Medtronic CEO William Hawkins to Speak at 21st Annual Piper Jaffray Healthcare Conference

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 25, 2009-- Medtronic, Inc. (NYSE:MDT), the world’s leading medical technology company, today announced it will participate in the 21st Annual Piper Jaffray...
Nov 24, 2009

Medtronic Second Quarter Revenue Increases 8% to $3.838 Billion; Raises EPS Guidance for Current Fiscal Year

Non-GAAP diluted EPS of $0.77 grew 15%; GAAP diluted EPS of $0.78 grew 63%

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 24, 2009-- Medtronic, Inc. (NYSE:MDT) today announced financial results for its second quarter of fiscal year 2010, which ended Oct. 30, 2009. The company...
Nov 19, 2009

Medtronic Introduces '3D Recon' Service to Enhance Endovascular Treatment of Aortic Aneurysms

Global Partnership with Vital Images Leverages Advanced Visualization Technology to Streamline Pre-Case Planning through Patient Follow-Up

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 19, 2009-- Continuing to drive innovation in endovascular aortic repair (EVAR), Medtronic, Inc. (NYSE: MDT), today announced the introduction of an imaging and...

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