1. The company is still focused on three major growth strategies: therapy innovation, globalization and economic value. "We believe our three growth strategies are the right ones to achieve long-term growth and the resulting diversification, differentiated approach and competitive advantages will enable us to deliver on our baseline financial expectations," he said.
2. Medtronic recently formed a joint venture giving the company controlling interest in its largest distributor in Saudi Arabia, which is expected to deliver incremental revenue and improved margins in country. The company saw notable improvements in China, India and Russia.
3. The CMS proposed bundled payment initiatives mandate for hip and knee replacements could have an impact on the company's business.
