What is Covidien?
Covidien Public Limited Company doing business as Covidien, is the world's leading provider of healthcare products. The core business of the company is to manufacture and distribute a wide range of medical and health equipment and supplies. The company has operations in 59 countries and its products are available in 140 countries across the globe. It is a publicly owned company traded on the New York Stock Exchange under the trading symbol "COV". The company opened its worldwide headquarters in Dublin, Ireland.
Covidien operates its business into two segments namely- Medical Devices and Medical Supplies. The Medical devices segment consisting of soft tissue repair products, ventilation products, monitoring products and oximetry products, airway products, Energy devices and electromechanical instruments. The Medical Supplies segment including surgical and medical supplies and clinical care products.
The company began its operations in the year 1960. Initially, the company was named Tyco Healthcare and renamed as Covidien in the year 2007. Covidien in 2012 acquired Maya Medical. The US based company ranked 280th in the FT Global 500 list in July 2013. Moreover, it was also selected among the 2013 Forbes Top 100 Innovative Companies. The company serves a variety of customers including surgical centers, drug manufacturers, hospitals and healthcare organizations. According to 2013 records, the company had global workforce of approximately 43,000 employees.