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December 4, 2006

Redmond spinoff to go public

Posted by Kim Peterson at 12:12 PM

Looks like Redmond is be getting a new publicly traded company. Medical device maker Medtronic says it's going to spin off its Redmond division into an independent company that carries the division's former name, Physio-Control.

Physio-Control, which makes heart defribrillators, will have about 1,200 employees -- half of them based in Redmond -- and annual sales of about $450 million.

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