Medtronic and DaVita Launch Mozarc for Kidney Health Solutions

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Medtronic and DaVita have launched Mozarc Medical, a new independent company aiming to reshape kidney health and advance patient-centric technology solutions.

Ven Manda, CEO of Mozarc Medical, said, “Mozarc Medical will focus on meaningful and innovative technologies for renal health that improve the overall patient experience and increase access to care globally. At a time when As patient preferences evolve and home renal care is on the rise, Mozarc Medical is uniquely positioned to better serve patients with kidney disease around the world.”

Central to the creation of Mozarc Medical is its global workforce, which includes the former Medtronic Renal Care Solutions (RCS) business (now part of Mozarc Medical) and other industry-leading talent hired to advance the new company’s strategic mission . In addition to Manda, a 28-year Medtronic veteran, the former RCS leadership team also transitioned to serve as the leadership team of Mozarc Medical.

Manda added, “With proven industry leadership, a strong product portfolio and R&D pipeline, and strategic investments from Medtronic and DaVita, Mozarc Medical is well positioned for long-term success. I look forward to to unlock the full potential of our new company, with a dedicated global team and an innovation pipeline that will transform kidney care.”

Under the terms of the deal, which was announced last year, Mozarc Medical is co-owned by Medtronic and DaVita, each with equal capital shares. During the first three quarters of Medtronic’s fiscal 2023, the RCS business reported revenue of $64 million, $63 million, and $70 million, respectively.

Dr. Mahesh Krishnan, Group Vice President of Research and Development at DaVita, said, “The launch of Mozarc Medical holds tremendous promise for improving the lives of patients living with kidney disease as it seeks to revolutionize the approach to dialysis. home improvement by improving accessibility, ease of use and clinical performance. Our investment in this venture stems from our decades-long commitment to advance kidney care, and our goal is that it will fuel patient-centric solutions that may not otherwise have been possible.

Sources

1/ https://Google.com/

2/ https://www.med-technews.com/news/medtech-materials-and-assembly-news/medtronic-and-davita-launch-mozarc-for-kidney-health-solut/

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