Medtronic PLC (NYSE:MDT)
$ 82.84 0.08 (0.1%) Market Cap: 110.00 Bil Enterprise Value: 126.86 Bil PE Ratio: 26.38 PB Ratio: 2.13 GF Score: 80/100
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Medtronic PLC at Jefferies Healthcare Conference Transcript

Jun 05, 2019 / 03:00PM GMT
Release Date Price: $96.55 (+2.27%)
Rajbir Singh Denhoy
Jefferies LLC, Research Division - MD, Equity Research & Senior Equity Research Analyst

Thanks, everyone, again for joining us here at the Jefferies 2019 Healthcare Conference. I'm Raj Denhoy with the medical device team.

Up next, we're doing a fireside chat with Mike Coyle from Medtronic. Mike runs the CVG division within Medtronic, which is the largest division within Medtronic, about $11.5 billion last year, I think it was, 38% of total revenue. And I think as we were talking last night, if it was a stand-alone business, it might be the 6th largest medical device company in the world, I think, if it was stand-alone.

Questions & Answers

Rajbir Singh Denhoy
Jefferies LLC, Research Division - MD, Equity Research & Senior Equity Research Analyst

I think an area to maybe focus on is kind of the growth trajectory of CVG because, in 2018, I think it grew about 6%. Last year, it slowed to close to 3%. I think in the fourth quarter it was even slower than that. So maybe we could talk a little bit about some of the

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