Cordis was founded in 1957 by Dr. William P. Murphy Jr. as The Medical Development Corporation in Miami, Florida.

Currently, the company is jointly headquartered in Baar, Switzerland and Santa Clara, California.

The headquarters also act as a hub for Cordis' operations in Europe, Africa, and the Middle East.

[1] The Medical Development Corporation was founded in 1957 in Miami, Florida, by Dr. William P. Murphy Jr. and focused on interventional vascular medicine and neuroscience.

In March 2021, Cardinal announced plans to sell Cordis to private equity firm Hellman & Friedman for $1 billion.