Any idea what the plan is for this OU? They're the last of legacy Covidien MITG OU after PM/RI spin off.
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Surgical is a cash cow, robotics is a money pit MDT is stuck with. Both are safe IMHO
NV is also left from Covidien, albeit not in MITG/Surgical
We first announced intentions to separate our Patient Monitoring (PM) and Respiratory Interventions (RI) operating units in October, and our path forward is becoming more clear: Medtronic continues moving forward with the intent to spin, given the high bar of benefits it creates, to start a stand-alone publicly traded company. This includes announcing key leadership roles that facilitate combining PM and RI into one unified organization.
The new company will be referred to as “SpinCo,” and a dedicated workstream will identify name options.
did you forget about surgical inc robotics? that plus GI is whats left of legacy COV.