Spending cutbacks at hospitals have hurt sales of some of Covidien's (COV) devices, CEO Richard...

|By:, SA News Editor

Spending cutbacks at hospitals have hurt sales of some of Covidien's (COV) devices, CEO Richard Meelia concedes on call, but he's 'fairly confident' COV won't suffer unduly - since less than 5% of sales are from products classified as capital purchases. COV +6%.