We all know how much it will cost Medtronic annually to pay for the much-reviled medical device tax.
But what about other companies?
A recent Moody’s investor report on the industry’s outlook estimates the net impact of the tax on 19 large companies nationwide. The estimates are based on a 35 percent corporate tax rate, or on a company’s own disclosures regarding the net effect of the device tax.
Here are the top 10 in descending order of magnitude, excluding Medtronic, which will rank No. 1 in terms of the amount it will fork over to the government:
Stryker Corporation — $77 million
Boston Scientific Corporation — $63 million
Covidien Plc — $61 million
St. Jude Medical Inc. — $40 million
Beckson, Dickinson and Company — $40 million
Zimmer Holdings — $34 million
C.R. Bard Inc. — $29 million
Biomet Inc. — $25 million
Kinetic Concepts Inc. — $24 million
Baxter International — $23 million
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By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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