Medtornic, the Dublin-based leading provider of healthcare technology, announced a partnership with DaVita, a premier national provider focused on kidney health. Through the partnership, both organizations aim to form a medical device company called NewCo that specializes in kidney care.
"This is an exciting moment that will shape the future of kidney care. Our singular focus on end-to-end kidney health solutions will position this new company to make a measurable difference in the lives of more than three million patients with kidney failure globally—a figure expected to double over the next decade."
Ven Manda, president of Medtronic's RCS business and NewCo's CEO
By combining Medtronic’s proficiency in healthcare technology with DaVita’s extensive expertise in holistic kidney care solutions. NewCo will emphasize the development of cutting-edge kidney care products.” “The firm is well-positioned to further the promotion of differentiated kidney therapies.
"We're excited to collaborate with Medtronic and share our deep insight into patient and physician needs with the goal of accelerating the development and commercialization of scalable kidney care technologies. DaVita is committed to best-in-class solutions that improve outcomes, access, and the quality of life of our patients, and this is another way to provide more options to the market."
Javier Rodriguez, CEO of DaVita