Financial

Medtronic’s medical device tax bill was $112M

June 20, 2014 by Brad Perriello

Medtronic says it paid out $112 million during fiscal 2014 for the medical device tax enacted as part of Obamacare, or nearly 4% of total profits.

Medtronic (NYSE:MDT) said today that it paid out $112 million for the medical device task during fiscal 2014, representing a nearly 4% hit to the bottom line.

The world’s largest pure-play medtech company shelled out $21 million during fiscal 2013, according to regulatory filings. Medtronic’s fiscal year closes near the end of April.

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Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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