Covidien

Type	Public (NYSE: COV)
Headquarters	Mansfield, Massachusetts, MA
Area served	Worldwide
Key people	Richard J. Meelia (Chairman) & (CEO)
Industry	Health Care Products
Products	Pharmaceuticals Medical Devices Surgical Supplies Medical Supplies
Revenue	▲ USD 10.4 Billion (2008)
Operating income	▲ USD 2.00 Billion (2008)
Net income	▲ USD 1.4 Billion (2008)
Total assets	▲ USD 16 Billion (2008)
Total equity	▲ USD 8 Billion (2008)
Employees	41,000 (2008)
Website	Covidien.com

Covidien (NYSE: COV), formerly Tyco Healthcare, is one of the largest healthcare devices and supplies companies worldwide, headquartered in Dublin, Ireland although most of its corporate functions are located in Mansfield, Massachusetts. On June 29, 2007, Covidien became an independent publicly traded company after being spun-off from Tyco International.

Contents 1 History 2 Structure 3 Use of the Brackets 4 Industry Brands 5 References 6 External links 6.1 Data

[edit] History

In 1995 Richard J. Meelia became President of the Tyco Healthcare division. Meelia continued in that position until the spin-off. Currently, Meelia is the Chairman of the Board, President and CEO of Covidien

Between 1996 and 2002, more than 50 companies were acquired, significantly expanding the range of product offerings. Today, Covidien products are used in most every area of the hospital, and in many other healthcare settings. Key product categories include:^[1]

• Endomechanical instruments, including laparoscopic instruments and surgical staplers.

• Soft Tissue Repair products, including sutures, mesh and biosurgery products.

• Energy devices including vessel sealing products, electrosurgical products, ablation products and related capital equipment.

• Oximetry and Monitoring products including sensors, monitors and temperature management products.

• Airway and Ventilation products, including airway products, ventilators, breathing systems and inhalation therapy products.

• Vascular products, including compression products and vascular therapy products.

• SharpSafety products, including needles and syringes products and sharps disposable products.

• Specialty pharmaceuticals, including branded and generic pharmaceuticals and addiction treatment products.

• Active pharmaceutical ingredients, including medicinal narcotics and acetaminophen, peptides, stearates and phosphates.

• Specialty Chemicals, including Mallinckrodt and J.T. Baker chemicals used in laboratories and the pharmaceutical industry.

• Contrast products including contrast delivery systems and contrast agents.

• Radiopharmaceuticals including radioactive isotopes and associated pharmaceutical products used for the diagnosis and treatment of disease.

• Nursing care products, including wound care, urology, enteral feeding, incontinence and suction products.

• Medical Surgical products, including operating room supplies and accessories, thermometry products, electrodes and chart paper.

• Original Equipment Manufacturer products include medical supplies such as needles and syringes manufactured for other leading medical device companies.^[1]

In 2007, Tyco filed with the SEC for permission to spin off its healthcare division into a separate, independent and publicly-traded company. The separation was effective June 29, 2007. Today, Covidien has more than 41,000 employees in 59 countries and its products are sold in more than 140 countries worldwide.

[edit] Structure

Segment Overview

Medical Devices

-Surgical Devices

-Energy-based Devices

-Respiratory and Monitoring Solutions

-Vascular Therapies

Pharmaceuticals

-Specialty Pharmaceuticals

-Active Pharmaceutical Ingredients

-Specialty Chemicals

-Contrast Products

-Radiopharmaceuticals

Medical Supplies

-Nursing Care

-Medical Surgical

-SharpSafety Products

-Original Equipment Manufacturer (OEM)

[edit] Use of the Brackets

The two “C’s” represent Compassion and Collaboration.

The company name stems from the Latin words:

- “Co” – from the Latin word for together.

- And ‘vi” from the Latin word for life.

[edit] Industry Brands

Autosuture

Valleylab

Nellcor

Puritan Bennett

Kendall

Ligasure

SharpSafety

Mallinckrodt

[edit] References

1. ^ ^{a b} 2004 Annual Report, Tyco International Ltd.

[edit] External links

• Covidien.com

[edit] Data

• Covidien Company Profile at MarketWatch
• Key Statistics