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Slide #87. Covidien — Given Imaging
Covidien plc (NYSE:COV) today announced that it has closed its acquisition of Given Imaging Ltd., providing the company additional scale and scope to serve a significant medical specialty, the multibillion dollar global gastrointestinal (GI) market.
Covidien is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Co.'s reportable segments are as follows: Medical Devices, which includes the sales of advanced and general surgical solutions, peripheral vascular and neurovascular therapies, patient monitoring products, and airway and ventilation products; and U.S. Medical Supplies, which includes the sale of nursing care products, medical surgical, SharpSafety™ and original equipment manufacturer products. Co.'s medical devices are used primarily by hospitals and ambulatory care centers, as well as alternate site healthcare providers, such as physician offices.
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Buy (2.60 out of 4)
(ranked higher than approx. 67% of all stocks covered)
Based on Zacks ABR data;
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