The Medtronic Culture
The Medtronic Mission
Medtronic was founded by Earl E. Bakken and the late Palmer J. Hermundslie in 1949.
Since developing the first wearable external cardiac pacemaker in 1957 and manufacturing the first reliable long-term implantable pacing system in 1960, Medtronic has been the world's leading producer of pacing technology. Today, Medtronic is the world's leading medical technology company, providing lifelong solutions for people with chronic disease. Headquartered in Minneapolis, Minnesota, its operations are primarily focused on providing therapeutic, diagnostic, and monitoring systems for the cardiovascular, neurological, diabetes, spinal, and ear, nose and throat markets.
First introduced in Canada in 1962 under John Hay Distributors in Vancouver, British Columbia, Medtronic of Canada then established its facilities in Mississauga, Ontario in 1972 where it has operated since as the Canadian subsidiary of Medtronic, Inc. The company also has regional offices located in Vancouver and Montreal.
Medtronic of Canada Ltd. is a member of MEDEC – Medical Devices Canada, which is the national industry association representing over 120 medical device companies, diagnostic companies, and related organizations. Members are dedicated to serving the health care community through the provision of high quality medical products and services that benefit Canadians.
An essential part of Medtronic’s mission is “to maintain good citizenship as a company”. Both Medtronic and the Medtronic Foundation support a number of worthy initiatives that contribute to the vitality and science education of local communities and improve the health of people in Canada and around the world.
Medtronic, Inc.'s stock is traded on the New York Stock Exchange under the ticker symbol MDT.
Medtronic of Canada takes pride in its consistent results, financial strength, industry leadership, customer service, a commitment to employee development, a dedication to patients and their families, and close relationships with clinicians, hospitals, and governments across Canada. Starting with their training in Medtronic’s Code of Conduct at orientation, employees embrace the company’s culture.
Medtronic of Canada was recognized as one of Canada’s Top 100 Employers for 2012, one of Canada’s Best Large Workplaces for 2012, one of the Top Employers in the GTA (Greater Toronto Area) for 2012, and a Best Employer for New Canadians for 2012.
- 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.
- To direct company growth in the areas of biomedical engineering where the company displays maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where the company cannot make unique and worthy contributions.
- To strive without reserve for the greatest possible reliability and quality in company products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service.
- To make a fair profit on current operations to meet the company’s obligations, sustain its growth, and reach its goals.
- To recognize the personal worth of employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success.
- To maintain good citizenship as a company.
Medtronic’s six key businesses help develop comprehensive solutions to life-limiting disorders and conditions:
Cardiac Rhythm Disease Management — Focuses on managing the entire spectrum of cardiac rhythm disorders and heart failure to improve long-term patient care and address changing cardiac conditions over a lifetime. Principal products are implantable cardiac pacemakers, implantable defibrillators, implantable heart monitors, electrophysiology products for mapping and ablation, atrial fibrillation products, and patient management tools.
CardioVascular — Offering minimally invasive catheter and stent products for the treatment of coronary heart disease, a range of valve products for the treatment of heart valve disease, stent grafts for the treatment of aortic abdominal, thoracic aneurysms and peripheral artery disease, and open heart and coronary bypass grafting products.
Spinal and Biologics — Medical devices and surgical implants for the treatment of the spine and musculoskeletal system, and biologic solutions to assist the body in growing bone or healing bone. Offers a wide range of spinal stabilization devices, instruments and biomaterials used in the treatment of spinal conditions.
Neuromodulation — Medical devices and surgical implants for the treatment of the spine and musculoskeletal system, and biologic solutions to assist the body in growing bone or healing bone. Offers a wide range of spinal stabilization devices, instruments and biomaterials used in the treatment of spinal conditions.
Diabetes — Products include insulin pumps, continuous glucose monitoring systems and therapy management software to give people who have insulin-requiring diabetes the ability to gain tight control of their blood sugar levels — meaning a chance to feel better and live life the way they want.
Surgical Technologies — Instrumentation and technologies for diseases of the ear, nose and throat and certain neurological disorders. Valves, catheters and shunts for precision cranial surgeries.
The Medtronic Foundation, Medtronic’s charitable foundation, applies its resources to initiatives which improve the health of people and communities. In Canada, the Foundation partners with patient associations that educate, support and advocate on behalf of patients and their families. It also supports organizations that improve health, education and welfare in communities where Medtronic employees live and work.
The Foundation, working with the Hospital for Sick Children in Toronto, supports Camp Oki, a one-week summer camp in Ontario’s Muskoka holiday area for children in Ontario and Quebec with heart disease. This camp operates with organizational support from the SickKids Foundation and is free to campers and their families.
For more information please consult Medtronic’s website at www.medtronic.com.