Cordis is a company that develops and manufactures medical devices for

diagnostics Diagnosis is the identification of the nature and cause of a certain phenomenon. Diagnosis is used in many different disciplines, with variations in the use of logic, analytics, and experience, to determine "cause and effect". In systems engineer ...

and interventional procedures to treat patients with

coronary Coronary () may, as shorthand in English, be used to mean: * Coronary circulation, the system of arteries and veins in mammals ** Coronary artery disease ** Coronary occlusion ** A myocardial infarction, a heart attack As adjective * Referring t ...

and peripheral vascular diseases. Cordis was founded in 1959 in

Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

, and currently operates in North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America markets. The Cordis global headquarters are jointly located in

Baar, Switzerland Baar () is a municipality in the canton of Zug in Switzerland. History Baar is first mentioned in 1045 as ''Barra''. Geography Baar has an area, , of . Of this area, 51% is used for agricultural purposes, while 25% is forested. Of the rest o ...

, and Santa Clara, California. The headquarters also acts as a hub for Cordis' operations in Europe, Africa, and the Middle East. The North American operations are based out of the San Francisco Bay area. The Asia-Pacific hub is located in Singapore, and the Latin American hub is in Puerto Rico. /sup>

History

The Medical Development Corporation was founded in 1957 in

, by Dr. William P. Murphy Jr. and focused on interventional

vascular The blood vessels are the components of the circulatory system that transport blood throughout the human body. These vessels transport blood cells, nutrients, and oxygen to the tissues of the body. They also take waste and carbon dioxide away f ...

medicine and

neuroscience Neuroscience is the scientific study of the nervous system (the brain, spinal cord, and peripheral nervous system), its functions and disorders. It is a multidisciplinary science that combines physiology, anatomy, molecular biology, development ...

. In 1959, the company's name changed to Cordis. In 1970, Cordis introduced the first sheath introducers with hemostasis valves, designed to minimize blood loss during an

angioplasty Angioplasty, is also known as balloon angioplasty and percutaneous transluminal angioplasty (PTA), is a minimally invasive endovascular procedure used to widen narrowed or obstructed arteries or veins, typically to treat arterial atheroscle ...

procedure. In 1996, Cordis joined the

Johnson & Johnson Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...

Intervention Systems (JJIS) and a year later, Cordis Corporation expanded into

electrophysiology Electrophysiology (from Greek , ''ēlektron'', "amber" etymology of "electron"">Electron#Etymology">etymology of "electron" , ''physis'', "nature, origin"; and , '' -logia'') is the branch of physiology that studies the electrical properties of b ...

after Johnson & Johnson acquired Biosense Inc. and merged it with Cordis. In 1998, Biosense Inc. merged with Webster Laboratories to form

Biosense Webster Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average and the company i ...

, Inc. In 2015,

Cardinal Health Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Its headquarters are in Dublin, Ohio and Dublin, Ireland (EMEA). The company specializes in th ...

acquired the Cordis business from Johnson & Johnson for $1.944 billion. On March 31, 2017, Cardinal Health announced two new strategic agreements that enabled Cordis, Cardinal Health's interventional vascular business, to expand its cardiology product offering in China. In March 2021, Cardinal announced plans to sell Cordis to private equity firm

Hellman & Friedman Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts o ...

for $1 billion.

References

{{DEFAULTSORT:Cordis (Medical) Johnson & Johnson subsidiaries Medical technology companies of the United States Companies based in Fremont, California