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Hospitals: Cap-ex market still constrained | Wall Street Beat

Fri, 08/10/2012 - 11:48am
Mass Device

Big-ticket capital expenditures like MRI machines or robotic surgical systems are still constrained for hospitals, likely meaning slower going for large cap-ex makers.

MassDevice.com Wall Street Beat

Mako Surgical (NSDQ:MAKO) Rio robotic surgery system needs to move from 'nice to have' to 'need to have' if it's going to gain traction with hospitals.

That's because the capital expenditure market is still under pressure from the weak economy, according to Leerink Swann analyst Richard Newitter, citing the un-named hospital CFO.

Spending on healthcare IT will continue to lead the priority list, at least as long as there's federal Meaningful Use money on the table, but medical devices that can't deliver a strong return on the investment will have a hard time gaining market share, Newitter wrote.

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