Medtronic Puts Spine Business Under Close Evaluation

Medtronic may need to reassess the "strategy and approach” for its spine business if performance doesn't improve, CEO Omar Ishrak said last week. Ishrak did not take a divestiture off the table, but put more emphasis on the potential for internal restructuring.

Medtronic PLC is close to rethinking its business strategy for its persistently struggling U.S. spine unit, says CEO Omar Ishrak.

“While we continue to believe in the potential of this market, we urgently need to see meaningful signs of improvement from our current initiatives,” Ishrak said during the firm’s fiscal...

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