Strategic acquisition of overseas medical device giants to seize the Chinese market

For most people outside of the medical technology field, Medtronic is a strange name. If you frequently browse the various rankings of authoritative magazines such as Fortune and Business Week, you will find that Medtronic is definitely the “Fengyun Enterprise” – Fortune 500, the most admired company in the United States, The best incumbent companies in the United States, the nation's charitable companies... On this red list, Medtronic is a frequent visitor, and its stock market value ranks 54th among the world's 1,000 largest companies (according to Business Weekly 2003 data). In the business field, Medtronic is second to none in the world and is often referred to as "Microsoft in the medical device industry."

Since its inception, Medtronic has also conducted multiple mergers and acquisitions to strengthen its strengths or enter new areas, such as: Johnson & Johnson's cardiovascular department (biological heart valves and cardiopulmonary equipment), Versafle Transmission Systems (coronary angiography catheters and guides) Leading technology), Bio-Medicus (centrifugal blood pump), and Minimed (diabetes treatment field); also through the acquisition of a Dutch pacemaker manufacturing company to strengthen its global market.

Medtronic also conducted several mergers and acquisitions to strengthen its advantages.

Today's Medtronic has successfully transformed from a single-product company to a diversified, international medical technology company through internal development and strategic mergers and acquisitions. Globally, practices like Medtronic are rare. Many large companies have lost their way after a long time of development. Many large pharmaceutical companies do cosmetics, and Medtronic does not enter the cosmetics field because it does not add value. Medtronic will not become a holding investment company, nor will it become a large enterprise group. Medtronic will not do business that we do not understand, and only focus on the practice of alleviating the pain of chronic diseases, because this is in line with Medtronic's mission. As it turns out, many companies that enter a business area they don't understand will eventually fail.

Look at Medtronic's diversity: chronic heart disease, malignant and non-malignant pain, ataxia, diabetes, gastrointestinal disease, urinary system disease, spinal disease, neurological disease, and ENT surgery. And in almost all of these areas, almost all of them are in the top position. For the focus and dedication of the mission, it is not less to bring to Medtronic, but more.

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