Devices & Diagnostics

Medtronic Inc. shows the iPad (and 4,500 employees) some love

The iPads are not for meant for updating Facebook status or watching Glee episodes on Hulu. Instead, think sales reps showing video and product information to doctors and hospitals, said Medtronic spokesman Brian Henry.

I want the iPad but can’t afford it.

Then I realized I don’t need more money… I just need to work at Medtronic Inc. (NYSE:MDT).

The medical device maker based in Fridley, Minnesota, recently bought 4,500 iPads for its employees.

Now before you get the wrong idea, the iPads are not for meant for updating Facebook status or watching Glee episodes on Hulu. Instead, think sales reps showing video and product information to doctors and hospitals, said Medtronic spokesman Brian Henry.

Henry wouldn’t disclose how much Medtronic paid for the devices. But assuming the company bought top-of-the-line versions, which means the 64 GB iPad with 3G and Wi-Fi at $829 a pop, we’re looking at $3.7 million retail price tag.

But I’m sure Medtronic received a discount, right?

“Let’s just say that we made a good, strategic investment,” Henry said.