Hospital access Management Newsletter // IT Management Solutions

Hospital access Management Newsletter

Medtronic CEO Omar Ishrak

Medtronic ($MDT) and Covidien ($COV) are riding high on their recently announced $42.9 billion merger-a deal that will pay dividends further down the line and expand the companies' hospital access, top-level management said in a conference call on Monday morning. Management highlighted Covidien's surgical division in particular, its largest and fastest growing group.

Medtronic CEO Omar Ishrak, CFO Gary L. Ellis and Covidien CEO José E. Almeida sat down this morning to flesh out the purchase, one that allows the company to combine their offerings and sets the stage for greater success in the future, the companies said during the call.

"Our collective portfolio for open and minimally invasive procedures will give us a broad platform over a wide range of surgical specialties, " Ishrak said. "We believe Medtronic's deep expertise will accelerate introduction and rapid adoption in markets around the world."

Through the deal, the combined company will make a $10 billion technology investment in the U.S. over the next 10 years, funneling money into early stage venture capital, acquisitions and R&D. The purchase also holds positive implications for Medtronic abroad, as the company will benefit from Covidien's considerably lower Irish tax rate. Covidien had a 14.7% effective tax rate in 2012 that rose to 21.1% last year due to outstanding matters with former parent company Tyco. Medtronic had an 18.4% tax rate in 2013, according to The Wall Street Journal.

Ishrak mentioned hospital business and reimbursement as another attractive part of the merger. Although Medtronic offers a broad scope of heart devices, spinal implants and insulin pumps, joining forces with Covidien allows the company to grab hold of a growing surgical market and win coveted government reimbursement for its products.

Covidien CEO José Almeida

"[The merger] gives us a much better set of assets with which to approach the hospital, " Ishrak said during Monday's call. "Frankly, with Medtronic on its own, the value proposition of most of our devices and therapies are outside the hospital. Together with Covidien, our ability to use technology to drive hospital efficiency goes up a magnitude."

Medtronic's board also approved a 9% increase in its cash dividend yesterday, raising the quarterly amount to approximately $0.31 per share of the company's common stock, which would result in an annual amount of $1.22 per share. The decision reflects the company's commitment to return 50% of its free cash flow to shareholders and underscores the confidence of top-level management, Ishrak said in a statement.

You might also like

Cognos playground

by cbflex

Hey guys,
I'm looking to get into working as a Cognos Report Developer.
The only problem is that I don't have access to Report Studio or Framework Manager. Does anyone know where I could go to like play around with it.
I'm looking for like an online database that's already setup where I could literally just make reports based on the database, and maybe add edit and update filters.
I don't really have the money to spend on classes. Any help would be greatly appreciated.

Job Seeker

by Co-Ed_Softball
Professional with over 17 years of HR and Technology experience. Looking for a job as a BA, PM, HRIS Analyst and/or something that is totally different (but very interesting). I have a strong background as a BA, PM, HRIS Analyst and Benefits Analyst. I have had various positions that included Sales and Account/Vendor Management. Demonstrating superior communication, negotiation, presentation, analytical and project management skills. Competent in providing complete solutions to satisfy all Business/Technical needs including: Management, Business and GAP analysis, data analysis, data mapping, process flow development, vendor evaluation and negotiation, and system implementation (including testing, data conversions, reporting, validation, and maintenance)

Butterworth-Heinemann Electronic Access Control
eBooks (Butterworth-Heinemann)

VA releases internal audit summary of scheduling practices  — FedScoop
FedScoop reported earlier this week that VA has known for more than a year of serious weaknesses in VistA's identity and access management controls, as well as the scheduling module's overall integration into the enterprise electronic health record system.

Automated resource access management information system (ARAMIS) (Skill building blocks)
Book (Special Projects Division, Texas Tech University)
KBMG Credit Repair Software Solution
Software (KBMG)
  • Credit Repair
  • Automated software program to manage your credit challenges
Butterworth-Heinemann Strategic Intelligence Management: National Security Imperatives and Information and Communications Technologies
eBooks (Butterworth-Heinemann)
Ashish Kumar Industrial Engineering
Mobile Application (Ashish Kumar)
  • This unique free application is for all students across the world. It covers 140 topics of Industrial Engineering in detail. These 140 topics are divided in 5 units.
  • Each topic is around 600 words and is complete with diagrams, equations and other forms of graphical representations along with simple text explaining the concept...
  • This USP of this application is ultra-portability . Students can access the content on-the-go from anywhere they like.
  • Basically, each topic is like a detailed flash card and will make the lives of students simpler and easier.
  • Some of topics Covered in this application are:
  • 3. Work Study
  • 4. Historical Developments
  • 5. Method Study

Related Posts

Copyright © . All Rights Reserved