Medtronic, DaVita to form new kidney health technology company

Medtronic and DaVita Inc. have announced the intent to create an independent kidney care-focused medical device company called NewCo.
According to a press release, NewCo will be renamed and rebranded at close, which is estimated to take place in the next calendar year. Medtronic and DaVita plan to co-own NewCo and provide a director from each organization for the six-person board of directors, however, an independent management team will lead the company.
“We're excited to collaborate with Medtronic and share our deep insight into patient and physician needs with the goal of accelerating

Medtronic and DaVita Inc. have announced the intent to create an independent kidney care-focused medical device company called NewCo.
According to a press release, NewCo will be renamed and rebranded at close, which is estimated to take place in the next calendar year. Medtronic and DaVita plan to co-own NewCo and provide a director from each organization for the six-person board of directors, however, an independent management team will lead the company.
“We’re excited to collaborate with Medtronic and share our deep insight into patient and physician needs with the goal of accelerating