Medtronic quietly exits orthopedic-implant business

Medtronic is pulling the plug on a business that made replacement knees and hips after roughly two years in operation, citing high costs due to a shift in federal regulations. The move is a retreat from a market that Medtronic (NYSE: MDT) entered in late 2016 when it launched a business unit to provide joint-replacement products and services to hospitals. The formation of the division, named Medtronic Orthopedic Solutions, came months after the medical-device giant acqu ired Responsive Orthopedics,…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Authors: Source Type: news