Medtronic, DaVita announce launch Mozarc Medical

Medtronic (MDT) and DaVita (DVA) announced the launch of Mozarc Medical-an independent new company committed to reshaping kidney health and driving patient-centered technology solutions. "Mozarc Medical’s focus will be on meaningful and innovative kidney health technologies that improve the overall patient experience and increase access to care globally," said Ven Manda, CEO of Mozarc Medical. "At a time when patient preferences are evolving and in-home kidney 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 business and other industry-leading talent hired to advance the new company’s strategic mission. In addition to Manda, a 28-year veteran of Medtronic, the former RCS leadership team has also transitioned to serve as Mozarc Medical’s leadership team. Under the terms of the agreement, which was announced last year, Mozarc Medical is co-owned by Medtronic and DaVita, each with equal equity stakes. Through the first three quarters of Medtronic’s fiscal year 2023, the RCS business had revenue of $64 million, $63 million, and $70 million, respectively.