Medtronic Starts Planned Portfolio Simplification With DaVita Renal Care Spin Off

The new independent kidney-care company will be equally co-owned by both companies. It will include all of Medtronic’s renal care solutions business, including renal access, acute therapies, and chronic therapies.

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Medtronic is spinning off its renal care solutions business into a new company that will be co-owned by DaVita, one of the largest providers of dialysis and kidney-care services in the US.

Medtronic’s renal care solutions business includes its current product portfolio of renal access, acute therapy, and chronic therapy devices, including dialysis catheters. The deal also covers the division’s product pipeline,...

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