CLAIM #40527 · Medtronic PLC (MDT) · 2025Q1 earnings call · Aug 20, 2024 · due Aug 20, 2026
“And we expect to do this while maintaining the same revenue per patient and being neutral to diabetes gross margin.”
Geoff Martha · CEO
How to check this claim
Look at: Diabetes segment revenue per patient and diabetes gross margin (%)
It came true if: Revenue per patient approximately flat (within ~2%) versus pre-Abbott-partnership baseline, and diabetes gross margin within 1 percentage point of baseline
Where: management commentary / segment disclosures on quarterly earnings calls (10-K/10-Q diabetes segment reporting)
In context
“h in CGM revenue with our high CGM attachment. In international markets, we initiated the full market release of the Simplera Sync sensor, and we're getting – we are just getting great feedback on the ease of insertion and its usage. This adds to the already high satisfaction of our 780G system, where we've been the Number One rated AID system by DQ&A for the past two quarters. So we are confident in Simplera and our CGM pipeline. And to add to this, two weeks ago, we announced our global partnership with Abbott, where we'll bring to market an integrated CGM based on Abbott's most advanced CGM platform. The sensor will integrate exclusively with our AID and SMART MDI systems. It will also allow us to offer more choice to patients, increase our installed base and grow our diabetes revenue. And we expect to do this while maintaining the same revenue per patient and being neutral to diabetes gross margin. Look, we are committed to being Number #1 in the fast-growing AID and smart MDI space, and this partnership will help ensure just that. Now turning to hypertension. Securing broad reimbursement remains key to unlocking the opportunity to our simplicity blood pressure procedure. We were pleased that CMS has finalized the inpatient payment and has now proposed an outpatient payment. And we continue to engage with CMS at the national and local levels to establish coverage, a key enabler so that this therapy can reach patients. Now this is important as hypertension affects more than 1 billion people globally and nearly half of all US adults. Despite the availability of numerous classes of pharmaceuticals, only one in four adults in the US have their hypertension under control. Furthermore, mo”
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SEC filings for MDT ↗ · Claim quote is verbatim from the 2025Q1 earnings call.