Medtronic CFO: Size matters

Tue, 09/11/2012 - 11:09am
Mass Device

Gary Ellis, CFO of Medtronic, tells investors that the medical device company's size and scale give it an edge in overcoming changes in the healthcare environment.

Medtronic logo

Medtronic (NYSE:MDT) is better prepared than its competitors to adapt to changing environments in the global healthcare system, CFO Gary Ellis told investors today.

"There clearly seems to be a shift from [selling to] physicians to [selling] to hospital administrators," Ellis said in a 30-minute Q&A session at the Morgan Stanley Global Healthcare conference in New York. "In some countries it's the government [that is the customer] and you're selling to the payers directly. That's where size and scale have an advantage."


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.