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by devy 2270 days ago
More dirt of Medtronic:

- In May 2018, Medtronic was ranked as the largest corporate tax inversion in history. [1]

- Medtronic weaseled their way out of creating affordable ventilators for the US government.[2]

[1] https://www.theglobeandmail.com/globe-investor/investment-id...

[2] https://www.nytimes.com/2020/03/29/business/coronavirus-us-v...

1 comments

Those two facts interleave in a weird way. Covidien bought the company the US government contracted to build affordable ventalators in 2012. Medtronic bought Covidien in 2015 as a tax inversion. So Medtronic didn't really kill the project. Also, what was the DOJ doing when Covidien bought Newport? If the project was going as well as the NYT suggests, why didn't the justice department get more involved? Granted, hindsight, and all.