Wall Street analysts warn that Medtronic’s moves into disease management signal “challenging times ahead for device manufacturers.” When Medtronic (NYSE:MDT) announced that it paid $200 million in cash for chronic disease management firm Cardiocom the medical device giant said the acquisition was indicative of a broader vision for the company’s future, but Wall Street analysts are warning that it may also suggest “challenging times ahead” for the device industry. In a company statement and in a conference call earlier this month Medtronic CEO Omar Ishrak said the company could reach a much larger swath of patients by widening its scope to include more healthcare services and solutions, starting with heart failure patients.
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