Medtronic to exit ventilator product line, combine remaining PMRI businesses

Medtronic has decided to exit its ventilator product line and retain and combine the remaining patient monitoring and respiratory interventions, or PMRI, businesses into one business unit called acute care and monitoring, or ACM. The company said exiting the increasingly unprofitable ventilator product line and combining the remaining businesses allows for increased investment in ACM with a focus on profitable growth. Medtronic will continue to honor existing ventilator contracts and expects that existing manufacturers, who account for the majority of the market, can meet customer demand for new ventilators moving forward.