MDT · News · 20261015N

MiniMed Separation

Medtronic plc · 2026-10-15 · Importance 65 · Surprise 60

Medtronic completed the separation of MiniMed Group, Inc. on October 15, 2026, making MiniMed an independent Nasdaq-listed company. The transaction included an exchange offer for Medtronic’s remaining MiniMed shares that was 5.4x subscribed. Medtronic said the separation will refocus the company on its Cardiovascular, Neuroscience and Surgical portfolios, while MiniMed focuses independently on diabetes care.

Key facts

• Medtronic officer Michael Marinaro filed a Form 144 proposing to sell 10,420 common shares of Medtronic, valued at approximately $1,000,320.00, with an approximate sale date of October 15, 2026. source
• Medtronic plc completed the separation of MiniMed Group, Inc. on Oct. 15, 2026. source
• Medtronic exchanged its remaining MiniMed shares in a 5.4x-subscribed offer as part of the separation. source
• Medtronic will put the full weight of its organization behind advancing innovation and fueling growth across its Cardiovascular, Neuroscience and Surgical portfolios following the separation. source