M&A's Huge Impact on Medtech Jobs

Friday, August 14, 2015

Source: Pharmexec.com

M&A activity had a huge impact on medtech job numbers in 2014, according to new analysis from EP Vantage.

Thanks to its purchase of Covidien, Medtronic (Dublin, Ireland) is now the largest medtech company in terms of headcount, with more than 90,000 on the payroll at the end of its 2014 fiscal year. But, even discounting the 39,500 jobs that the Covidien deal added, the EP Vantage report states, the number of Medtronic employees grew by 3,500 or 7% from 2013 to 2014.

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