About Covidien

Réf : 09/09/01

[ About Covidien ]

our story

Many respected brands. One committed company.

At Covidien, we're passionate about making doctors, nurses, pharmacists and other medical professionals as effective as they can be. From Autosuture™ to Valleylab™, from Kendall™ to Mallinckrodt™, our industry-leading brands are known worldwide for uncompromising quality.

Through ongoing collaboration with medical professionals and organizations, we identify clinical needs and translate them into proven products and procedures. Over the years, we've pioneered a number of medical advances including contrast media, pulse oximetry, electrosurgery, surgical stapling and laparoscopic instrumentation.

Offering an extensive product line that spans medical devices, imaging solutions, pharmaceuticals and medical supplies, we serve healthcare needs in hospitals, long-term care and alternate care facilities, doctors’ offices and in the home.

International in every respect

Covidien is part of the local fabric of the communities where we operate. Deriving 45% of our sales from outside the United States, Covidien's success wouldn’t be possible without the dedication of our 41,000 employees, who live in 59 countries. More than two-thirds of our colleagues work in 60 manufacturing facilities, located in 16 countries. In addition, more than 4,800 sales representatives in more than 50 countries meet our customers’ needs every day.

Strategic Initiatives, Core strengths

At Covidien, we believe that supporting the lifesaving work of medical professionals and emphasizing growth are not mutually exclusive. In fact, our financial stability enables us to hold to our vision of being an essential resource to the healthcare profession and therefore to doing our part to improve patient outcomes.

With that in mind, we have outlined the following strategic initiatives:

• Focus on Growth

• Commitment to Innovation

• Leveraging Our Global Structure

• Driving Operational Excellence

• Increased Portfolio Management

We're confident that we will succeed in these areas because of our core strengths:

• Scale, product diversity and reach. As one of the largest global manufacturers and marketers in the healthcare industry, our scale and diversity allow us to invest wisely in infrastructure and technology and to develop lower cost sources of supply and global distribution. We offer products in a number of high growth healthcare areas, including laparoscopic surgery, electrosurgery, biosurgery, sleep therapy and pain management.

• A portfolio of leading brands. Our brands are among the most well-known and respected in the healthcare field. Quality and reliability are their hallmarks.

• Strong customer relationships. Our sales force develops and maintains strong relationships with clinician decision makers. We foster these relationships by providing extensive clinical education through dedicated training centers, by sponsoring fellowships and offering other continuing education programs.

• Operational excellence. We have a history of developing and manufacturing high-quality products in a cost-effective manner. Throughout our organization, we are committed to Six Sigma, Design for Six Sigma, Lean Manufacturing and strategic sourcing initiatives to ensure product availability. We employ strict safety and quality controls to reduce disruption throughout the supply chain.

Our aim is to enhance growth by increasing research and development initiatives, pursuing targeted acquisition opportunities and enhancing our global infrastructure, including sales, marketing and distribution.

COVIDIEN at a glance

Covidien is:

• A large global healthcare company committed to sustaining strong margins and cash flows while making investments for growth

• A leading manufacturer of medical devices and supplies, diagnostic imaging agents and pharmaceuticals, with 2008 revenue of nearly $10 billion and industry-leading profit margins

• More than 41,000 employees worldwide in 59 countries, with products sold in over 140 countries

• Dedicated to R&D, spending nearly $350 million in R&D during 2008 alone, with that amount expected to increase in 2009

• Committed to creating innovative medical solutions for better patient outcomes and delivering value through clinical leadership and excellence

Covidien's business segments:

• Medical Devices - Includes endomechanical, soft tissue repair, energy, oximetry and monitoring, airway and ventilation, vascular, SharpSafety and clinical care products

• Imaging Solutions - Includes radiopharmaceuticals and contrast products

• Pharmaceutical Products - Includes active pharmaceutical ingredients and dosage pharmaceuticals

• Medical Supplies -Includes nursing care, medical surgical and OEM products

Covidien provides:

• Advanced surgical tools and supplies

• Sutures and wound care products

• Needles and syringes

• Contrast media for diagnostic imaging

• Vascular therapy

• Respiratory care devices

• Generic pharmaceuticals

Key brands:

• Kendall™

• Autosuture™

• Valleylab™

• Mallinckrodt™

• Nellcor™

• Puritan Bennett™

Medical, surgical, electrosurgical, respiratory therapy and imaging products are supplied to all of the following:

• Hospitals

• Acute care facilities

• Nursing homes

• Rehab centers

• Ambulatory surgery centers

• Physician offices

• Radiopharmacies

High quality products with instantly recognizable names that provide the basis for improved patient outcomes:

• Monoject Magellan™ Safety Needle

• Valleylab™ RF Ablation System

• Kangaroo ePump™ Enteral Feeding Pump

• Optivantage™ DH Dual Head Injector

Product Brands you know

Over the years, many Covidien brands have driven categorical breakthroughs, while others have offered reliable, indispensable products used in hospitals, healthcare facilities and homes day in and day out.

An important part of our past, product brands like Autosuture™, Devon™, Kendall™, Mallinckrodt™, Nellcor™, Puritan Bennett™, Syneture™ and Valleylab™ are also very much a part of our future. In keeping with our strategic focus, each falls into one of four business segments: Medical Devices, Medical Supplies, Imaging Solutions and Pharmaceutical Products.

Our featured product brands

Autosuture™

• Surgical Stapling and Laparoscopic Instrumentation Solutions

DAR™

• Disposable Breathing Circuits and high efficiency filtration and humidifaction for ventilated patients

Devon™

• Operating Room Products and Safety Solutions

Kendall™

• Clinical Care, SharpSafety, Vascular Therapy, Nursing Care, Monitoring & Operating Room Products,

OEM Products

Mallinckrodt™ Pharmaceuticals

• Addiction Treatment, Brand and Generic Pharmaceuticals, Active Pharmaceutical Ingredients

Imaging

• Tubes de trachéotomie

• Contrast Agents and Delivery Systems, Radiopharmaceuticals

Nellcor™

• Pulse Oximetry, Airway and Temperature Management, Critical Care Accessories

Puritan Bennett™

• Ventilators, Oxygen Systems, Sleep Therapy and Diagnostics, Spirometry, Hospital Software Solutions

Syneture™

• Sutures, Suture Needles, Surgical Accessories, Cardiovascular Devices

Shiley™

• Tracheostomy tubes

Valleylab™

• Vessel Sealing, Electrosurgery, RF Ablation, RF Pain Management

Mission & Values

OUR accountability

We each take responsibility for delivering outstanding results to our partners, patients and teammates, while affirming our commitment to integrity and the highest standards of ethical conduct.

OUR compassion

We are caring professionals committed to improving the health and well-being of patients around the world.

OUR collaboration

We are integral partners working with our colleagues and customers to generate innovative ideas that solve challenging healthcare problems.

OUR diversity

We strive to fully understand our marketplace, our customers, our communities and our employees and to enter into our relationships with a sense of honesty, fairness and trust.

Our Mission

Create and deliver innovative healthcare solutions, developed in ethical collaboration with medical professionals, which enhance the quality of life for patients and improve outcomes for our customers and our shareholders.

Our Goal

Become the leading global healthcare products company by creating innovative medical solutions for better patient outcomes and delivering value through clinical leadership and excellence in everything we do.