Covidien
Encyclopedia
Covidien formerly Tyco Healthcare, is a healthcare device and supply company, incorporated in Dublin, Ireland, although its corporate offices are located in Mansfield
, Massachusetts
. On June 29, 2007, Covidien became an independent publicly traded company after being spun off from Tyco International
.
Between 1996 and 2002, prior to the spinoff from Tyco, more than 50 companies were acquired, significantly expanding the range of product offerings. Today, Covidien products are used in most every area of the hospital, and in many other healthcare settings. Key product categories include:
• Endomechanical instruments, including laparoscopic instruments and surgical staplers.
• Soft Tissue Repair products, including sutures, mesh and biosurgery products.
• Energy devices including vessel sealing products, electrosurgical products, ablation products and related capital equipment.
• Oximetry and Monitoring products including sensors, monitors and temperature management products.
• Airway and Ventilation products, including airway products, ventilators, breathing systems and inhalation therapy products.
• Vascular products, including compression products and vascular therapy products.
• SharpSafety products, including needles and syringes products and sharps disposable products.
• Specialty pharmaceuticals, including branded and generic pharmaceuticals and addiction treatment products.
• Active pharmaceutical ingredients, including medicinal narcotics and acetaminophen, peptides, stearates and phosphates.
• Specialty Chemicals, including Mallinckrodt and J.T. Baker chemicals used in laboratories and the pharmaceutical industry.
• Contrast products including contrast delivery systems and contrast agents.
• Radiopharmaceuticals including radioactive isotopes and associated pharmaceutical products used for the diagnosis and treatment of disease.
• Nursing care products, including wound care, urology, enteral feeding, incontinence and suction products.
• Medical Surgical products, including operating room supplies and accessories, thermometry products, electrodes and chart paper.
• Original Equipment Manufacturer products include medical supplies such as needles and syringes manufactured for other leading medical device companies.
In 2007, Tyco filed with the SEC for permission to spin off its healthcare division into a separate, independent and publicly-traded company. The separation was effective June 29, 2007.
Today, Covidien has more than 41,000 employees in 59 countries and its products are sold in more than 140 countries worldwide.It has just been announced circa 01/09/2011 to close the plant in Chesterfield, UK which makes paramenophenol, with the loss of 64 jobs.
Medical devices
Medical Supplies
Pharmaceuticals
Mansfield, Massachusetts
Mansfield is a town in Bristol County, Massachusetts, United States. As of the United States 2010 Census, the town population is 23,184. Mansfield is in the south-southwest suburbs of Boston and is also close to Providence, Rhode Island....
, Massachusetts
Massachusetts
The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
. On June 29, 2007, Covidien became an independent publicly traded company after being spun off from Tyco International
Tyco International
Tyco International Ltd. is a highly diversified global manufacturing company incorporated in Switzerland, with United States operational headquarters in Princeton, New Jersey...
.
History
In 1995 Richard J. Meelia became President of the Tyco Healthcare division. Meelia continued in that position until the spin-off. In 2011, Joe Almeida became the President and CEO of Covidien.Between 1996 and 2002, prior to the spinoff from Tyco, more than 50 companies were acquired, significantly expanding the range of product offerings. Today, Covidien products are used in most every area of the hospital, and in many other healthcare settings. Key product categories include:
• Endomechanical instruments, including laparoscopic instruments and surgical staplers.
• Soft Tissue Repair products, including sutures, mesh and biosurgery products.
• Energy devices including vessel sealing products, electrosurgical products, ablation products and related capital equipment.
• Oximetry and Monitoring products including sensors, monitors and temperature management products.
• Airway and Ventilation products, including airway products, ventilators, breathing systems and inhalation therapy products.
• Vascular products, including compression products and vascular therapy products.
• SharpSafety products, including needles and syringes products and sharps disposable products.
• Specialty pharmaceuticals, including branded and generic pharmaceuticals and addiction treatment products.
• Active pharmaceutical ingredients, including medicinal narcotics and acetaminophen, peptides, stearates and phosphates.
• Specialty Chemicals, including Mallinckrodt and J.T. Baker chemicals used in laboratories and the pharmaceutical industry.
• Contrast products including contrast delivery systems and contrast agents.
• Radiopharmaceuticals including radioactive isotopes and associated pharmaceutical products used for the diagnosis and treatment of disease.
• Nursing care products, including wound care, urology, enteral feeding, incontinence and suction products.
• Medical Surgical products, including operating room supplies and accessories, thermometry products, electrodes and chart paper.
• Original Equipment Manufacturer products include medical supplies such as needles and syringes manufactured for other leading medical device companies.
In 2007, Tyco filed with the SEC for permission to spin off its healthcare division into a separate, independent and publicly-traded company. The separation was effective June 29, 2007.
Today, Covidien has more than 41,000 employees in 59 countries and its products are sold in more than 140 countries worldwide.It has just been announced circa 01/09/2011 to close the plant in Chesterfield, UK which makes paramenophenol, with the loss of 64 jobs.
Tracheostomy tube recalls
In April 2010, Covidien recalled their Certain Shiley branded Tracheostomy Tubes after it was reported that three people died while using them.Structure
Segment OverviewMedical devices
- Energy-based devices
- Respiratory and monitoring solutions
- Surgical devices
- Vascular therapies
Medical Supplies
- Nursing care
- Original equipment manufacturer (OEM)
- Medical surgical
- SharpSafety products
Pharmaceuticals
- Active pharmaceutical ingredients
- Contrast products
- Radiopharmaceuticals
- Specialty chemicals
- Specialty pharmaceuticals
Etymology
The company name stems from the Latin words: “Co” which stands for together and “vi” for life.Industry brands
- Autosuture
- ev3 (peripheral and neuro endovascular products)
- Kendall
- Ligasure
- MallinckrodtMallinckrodtMallinckrodt is a set of pharmaceutical, chemical, imaging, and respiratory equipment suppliers based in the St. Louis, Missouri, area. Founded in 1867 when the Mallinckrodt brothers formed G. Mallinckrodt & Company to manufacture pharmaceutical chemicals, Mallinckrodt was purchased by Tyco...
- Nellcor
- Puritan BennettPuritan BennettPuritan Bennett has been a provider of respiratory products since 1913 originally as a medical gas supplier. In addition to critical care ventilation, Puritan Bennett provided medical devices for patients outside of the acute care environment...
- SharpSafety
- Shiley (Airway products)
- Syneture (Wound closure sutures and Mesh)
- Valleylab