Updated
The most significant concentration MiniMed Group discloses is Convatec, Forj Medical and Steris sole-source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: MiniMed Group’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'Our sole suppliers include Convatec Group plc for the infusion sets used in our insulin pumps, Forj Medical (f/k/a Intricon Corporation) for transmitters, and Steris plc and Steri-Tech Inc. for sterilization services.'”
MiniMed Group's principal disclosed concentration sits on the supply side: the company relies on sole-source suppliers for critical components of its insulin pump system — Convatec Group for infusion sets, Forj Medical (formerly Intricon) for transmitters, and Steris plc and Steri-Tech for sterilization services. This is a high-size dependency exposure, and notably it is spread across three distinct suppliers covering three different functions rather than a single point of failure, though each individual relationship is itself sole-sourced with no disclosed alternative. Unlike a customer or geographic concentration, this risk is idiosyncratic to each supplier relationship — a manufacturing disruption, quality issue, or contract dispute at any one of these three companies could interrupt MiniMed's ability to manufacture or ship its insulin pumps, independent of end-market demand or macro conditions. Because no other concentration claims are disclosed in the reviewed sources, this supply-chain dependency is the dominant risk factor for the name: the investment case depends not only on demand for the insulin pump product but on the continued reliability of these three sole-source relationships.
For the engine’s reasoning on MMED’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ANGO | AngioDynamics, Inc. | 2 | 1 | 0 | 3 |
| ATRC | AtriCure, Inc. | 1 | 1 | 1 | 3 |
| ATR | AptarGroup, Inc. | 1 | 1 | 0 | 2 |
| ALGN | Align Technology, Inc. | 1 | 0 | 0 | 1 |
| AVR | Anteris Technologies Global Cor | 1 | 0 | 0 | 1 |
| MMED● | MiniMed Group, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.