Medtronic filed a permit to build a new site in Memphis on Dec. 21, 2017, according to Memphis Business Journal.
Here are five things to know:
1. Medtronic plans to use the building as an extension of its advanced manufacturing facility where the company will develop nonclinical devices that support manufacturing initiatives, according to the report. The company expects the facility to expedite its development process.
2. The new location will use Medtronic's existing workforce and is expected to open in the summer of 2018.
3. Medtronic's building permit for the new facility is valued at $900,000, with the architect listed as Thoda & Associates.
4. Currently, Medtronic Spine has around 1,450 full-time employees, with the entire company employing around 84,000 individuals. The restorative therapies group, which includes spine, encompasses 25 percent of Medtronic's business.
5. Medtronic has more than 370 locations worldwide and holds around 4,600 patents.
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