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Stock impact report

A Corporate Merger Cost America Ventilators [The New York Times]

Medtronic plc. Ordinary Shares (MDT) 
Last medtronic plc. ordinary shares earnings: 2/18 06:45 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.medtronic.com
On April 24, 2012, the Federal Trade Commission, the nation’s principal gatekeeper for health care mergers, published aninnocuous-seeming noticeThe government’s review was relatively brief. One of the lawyers involved, a former F.T.C. staff member, has noted that he successfully steered the merger through the F.T.C. “without second request” — without extensive review.We now know that approving that merger without conditions had severe costs. It would cripple what had been a prescient federal program, begun in 2007, to build an emergency stockpile of up to 40,000 portable ventilators with the eventual help of Newport Medical Instruments. But Covidien terminated the project, apparently in large part because it was insufficiently profitable.That cancellation set back the federal ventilator program by at least seven years. In fact, 13 years later, in the midst of the coronavirus crisis, and despite a new contract with another company, not a single ventilator has been delivered.It is easy Show less Read more
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