Medtronic was founded in 1949 as a medical equipment repair shop by Earl Bakken and his brother-in-law. Over the years, Medtronic developed additional core technologies, including implantable mechanical devices, drug and biologic delivery devices, and powered and advanced energy surgical instruments. Today, their technologies are used to treat nearly 40 medical conditions. Medtronic, the world leader in medical technology, services and solutions, acquired Covidien company in February 2015.