Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

Covidien plans another mammoth buy-back

This article was originally published in Clinica

Executive Summary

Less than two years after launching a substantial $2 billion share repurchase programme, Covidien's board has authorised another $3 billion buy-back. The previous programme, started in August 2011 (, 12 August 2011), currently has around $425 million remaining, the firm said. Covidien is currently well above its stated annual goal of returning at least 50% of free cash flow to shareholders: in 2012, this totalled $1.75 billion, or nearly 100%.