Medtronic Joins Masimo CEO Kiani’s Patient Safety Foundation, Pledges $5m

Monday, November 7, 2016

Source: Mass Device

Despite being rivals in the blood oxygen diagnostic fields, Medtronic(NYSE:MDT) said it is joining Masimo (NSDQ:MASI) CEO Joe Kiani’s Patient Safety Movement Foundation with a $5 million, 5-year commitment.

By joining the program, Medtronic will provide $5 million over 5 years and share anonymized data from its medical devices to help develop analytic programs to help improve patient safety, according to a Patient Safety Movement Foundation release.

In addition, Medtronic CEO Omar Ishrak is slated to join the Patient Safety Movement Foundation’s board of directors.

“At Medtronic, we’re committed to improving the lives of people through our medical technologies and services. Joining the Patient Safety Movement is a natural fit. We are very impressed by the progress the Patient Safety Movement has made in focusing the healthcare industry on eliminating preventable deaths. To get to zero preventable deaths, all parties will have to work together. Our pledge is to work closely with the Patient Safety Movement Foundation and share our data to help eliminate preventable deaths,” Ishrak said in a press release.

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