Medtronic is a medical device company headquartered in Dublin, Ireland. Their operational headquarters is in Fridley, Minnesota. Medtronic is the worlds largest standalone medical technology development company. In 2015, at the time of its acquisition of Covidien, Medtronics market capitalisation was about USD100 billion while the market capitalisation for CRHF, Ireland’s largest indigenous business, was USD18.4 billion. Medtronic operates in more than 140 countries, employs over 85,000 people and has more than 53,000 patents. Medtronic was founded in 1949 in northeast Minneapolis by Earl Bakken and his brother-in-law Palmer Hermundslie as a medical equipment repair shop.