St. Jude Medical develops medical technology and services that focus on putting more control into the hands of those who treat cardiac, neurological and chronic pain patients worldwide. The company is dedicated to advancing the practice of medicine by reducing risk wherever possible and contributing to successful outcomes for every patient. St. Jude Medical is headquartered in St. Paul, Minn. and has four major focus areas that include: cardiac rhythm management, atrial fibrillation, cardiovascular and neuromodulation.
St. Jude has been having a rough year with FDA recalls, slow sales in the cardiovascular device sector, as well as the anticipated device tax increase. As part of an initiative to compensate for these changes, St. Jude is reorganizing their company, resulting in 300 lay offs.