May 31, 2001

May 31, 2001

Just in case anyone is wondering why this date is important it’s the day Medtronic bought MiniMed for $3.7 Billion. A unit which is now being spun off because Medtronic made the worst management decisions in diabetes history. Yet it’s a testament to Al Mann and Terry Gregg that it took Medtronic over 20 years to destroy what was a great company.

Think about this for just a moment – Disetronic, Deltec the makers of the Cozmo, JNJ who owned Animas are ALL in the insulin pump graveyard. Think also about the MiniMed management lineage . . .

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