Devices & Diagnostics

These are the top 10 payers of the medical device tax, says Moody’s

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.

By Arundhati Parmar on March 08, 2012 5:13 pm

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