Medtronic’s Chan talks patient monitoring spinoff, rise of home care

Medtronic announced plans in October to spin off its patient monitoring and respiratory care businesses as part of a broader restructuring. The two businesses, which brought in about $2.2 billion in revenue last year, will form a new connected care company.

Frank Chan, president of Medtronic’s patient monitoring business, talked about the spinoff plans and the rise of at-home monitoring as more care moves out of the hospital setting.