Covidien divesting Sleep Apnea Therapy line

[Velbor]

If this was posted previously, I must have missed it.

In the Covidien (Puritan Bennett) 2009 annual report just issued (dated 25 January) and including their Form 10-K statement (dated 20 November 2009), they state:

"During fiscal 2009, we sold our Sleep Diagnostics product line within our Medical Devices segment. In addition, we entered into a definitive agreement to sell our Oxygen Therapy product line. .... In September 2009, we also announced our plan to divest our Sleep Therapy product line within our Medical Devices segment. We plan to reallocate the resources previously used to support these product lines to our faster-growing, higher-margin businesses in which we have or can develop a global competitive advantage."

This does not seem to indicate that they are selling the "Puritan Bennett" name, since they state that, "Our Puritan Bennett brand is a leader in the field of high-acuity ventilators. .... We are committed to expanding our ventilation platform and in fiscal 2009 launched a Puritan Bennett portable home care ventilator."

What this may imply for the "GoodKnight" or "Sandman" brand names is not clear from these documents.

[Wulfman]

If this was posted previously, I must have missed it.

Yeah......last September there was an article that I posted in this link.

viewtopic.php?f=1&t=44952&p=401769&hili ... en#p401769


Den