Medtronic CEO Geoff Martha
If Medtronic’s troubling Q4 report offers a snapshot of a company hit hard by COVID-19, the next image in the sequence may show a faster-than-expected recovery and increased merger-and-acquisition of smaller companies.
In the quarterly call on Thursday morning, Medtronic CEO Geoff Martha and CFO Karen Parkhill expressed optimism that the company’s businesses already are showing signs of a rebound in the month of May.
At the same time, Medtronic executives believe the broader financial pressures on the industry will create attractive opportunities to acquire companies that will add to its growth rate.
Get the full story at our sister site, MassDevice.