February 27, 2015 3:26 AM ET

Healthcare Equipment and Supplies

Company Overview of Medtronic Sofamor Danek USA, Inc.

Company Overview

Medtronic Sofamor Danek USA, Inc. operates as a subsidiary of Medtronic Inc.

1800 Pyramid Place

Memphis, TN 38132

United States





Key Executives for Medtronic Sofamor Danek USA, Inc.

Age: 57
Compensation as of Fiscal Year 2014.

Medtronic Sofamor Danek USA, Inc. Key Developments

RTI Surgical Inc. Enters into Distribution Agreement with Medtronic Sofamor Danek USA, Inc

RTI Surgical Inc. entered into a distribution agreement with Medtronic Sofamor Danek USA, Inc., pursuant to which Medtronic will distribute certain allograft implants for use in spinal, general orthopaedic and trauma surgery. Under the terms of the agreement, Medtronic will be a non-exclusive distributor except for certain specified implants for which Medtronic will be the exclusive distributor. Medtronic will maintain its exclusivity with respect to these specified implants unless the cumulative fees received by RTI Surgical Inc. from Medtronic in respect of these specified implants decline by a certain amount during any trailing 12-month period. The initial term of the agreement will continue through December 31, 2017, unless earlier terminated in accordance with the agreement. This initial term will automatically renew for successive five-year periods, unless either party provides written notice of its intent not to renew at least one year prior to the expiration of the initial term or the applicable renewal period. The agreement supersedes and replaces prior distribution agreement with Medtronic which would have expired in accordance with its terms in June 2014. The agreement specifies the transfer fees for implants through the end of 2013 and for 2014 such fees shall be adjusted in accordance with the fee schedule. In addition, the agreement contemplates the continued joint-development of new implants between RTI Surgical Inc. and Medtronic.

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