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The SI Report: Covidien Announces Acquisition of Specialty Injection
Devices from Pinyons Medical Technology, Inc.
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:15052008
Streetinvesting.com has now resumed our progressive Covidien, Ltd.
(NYSE:COV) as it opened up $0.09 nearing its 52 week high of $49.70 on
a much higher than average volume midday trading Wednesday, May 14,
2008. Based on the Company's most recent news release; we will be
progressively reviewing the impact of the markets and the effects of
their developments. We will be providing updates and analyst opinions
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Our research resources have been aimed towards the US Large Caps and
the various prospective companies therein Covidien, Ltd. was among
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information on the company mentioned herein.
May 14, 2008, -- Covidien, a leading global provider of healthcare
products, announced that it has signed an agreement with Pinyons
Medical Technology Inc., a privately-held company based in Park City,
Utah, and its President and CEO, Shawn Fojtik, to acquire all assets
related to the Pinyons POWRSyringe Injector and POWRSyringe Monitor
handheld, manual injection and inflation devices. These devices
facilitate manual x-ray contrast media injections during angiography
procedures performed in the cardiac catheterization laboratory and
interventional radiology suite.
Covidien is a leading global healthcare products company that creates
innovative medical solutions for better patient outcomes and delivers
value through clinical leadership and excellence. Covidien
manufactures, distributes and services a diverse range of
industry-leading product lines in four segments: Medical Devices,
Imaging Solutions, Pharmaceutical Products and Medical Supplies. With
2007 revenue of nearly $9 billion, Covidien has more than 42,000
employees worldwide in 57 countries, and its products are sold in over
130 countries. Please visit www.covidien.com to learn more about our
business.
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