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Medtronic's Diabetes Unit MiniMed Files For US IPO - Medline (NASDAQ:MDLN), Medtronic (NYSE:MDT)
Benzinga· 2025-12-20 10:26
Medtronic‘s (NYSE:MDT) diabetes unit, MiniMed Group, filed for a U.S. initial public offering (IPO) on Friday, as part of its separation from the medical devices maker. The Northridge, California-based company reported a net loss of $21 million on net sales of $1.48 billion in the six months ended October 24, compared with a net loss of $23 million on net sales of $1.3 billion a year earlier, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC). Medtronic To Retain Majorit ...