Covidien
U.S. Headquarters: 15 Hampshire Street
Mansfield, MA 02048
Employees: 41,000+
CEO: Richard Meelia
Stock Symbol: COV
Website: http://www.covidien.com
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Covidien is a leading manufacturer of medical devices and supplies, diagnostic imaging agents and pharmaceuticals, with 2008 revenue of $9.9 billion and net income of $1.36 billion. It is based in Dublin, Ireland with U.S. headquarters in Mansfield, MA.
Covidien is made up of four business segments:
* Medical Devices - Includes endomechanical, soft tissue repair, energy, oximetry and monitoring, airway and ventilation, vascular, SharpSafety and clinical care products
* Imaging Solutions - Includes radiopharmaceuticals and contrast products
* Pharmaceutical Products - Includes active pharmaceutical ingredients and dosage pharmaceuticals
* Medical Supplies - Includes nursing care, medical surgical and OEM products
Covidien was formerly Tyco Healthcare and was spunoff from Tyco Corporation in 2007 as an independent company. It has more than 41,000 employees worldwide in 59 countries, with products sold in over 140 countries.
More than two-thirds of employees work in 60 manufacturing facilities, located in 16 countries. In addition, over 4,800 sales representatives in more than 50 countries help meet customers’ needs every day.
The company spent nearly $350 million in R&D during 2008.
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