Medtronic CEO Ponders Over Sale of Some Covidien Assets

MedtronicWith 3 quarters of operations under its belt since the $50 billion acquisition of Covidien, Medtronic (NYSE:MDT) is evaluating whether to sell off some of the Covidien assets, CEO Omar Ishrak told analysts yesterday during a conference call.

Ishrak said Covidien, which Medtronic calls its minimally invasive therapies group, has “a very clear and compelling vision for the future, which is outcomes-based and very aligned with the Medtronic mission.”

The company will take the next 6 months or so to decide if there are any ex-Covidien assets it wants to divest, he said.

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