Corrected: Medtronic has 'significant firepower' for multiple acquisitions, executive says

Medtronic

12/01/2026 19:31

Corrects CEO name in paragraph 3

Jan 12 (Reuters) - Medtronic MDT.N has "significant firepower" with its balance sheet to carry out a meaningful number of acquisitions without any problem, Chief Financial Officer Thierry Piéton said at a major industry conference that kicked off Monday in San Francisco.

The medical device maker is gearing up for a wave of deals as it looks to bolster growth across its portfolio.

Medtronic is prioritizing tuck-in mergers and acquisitions in high-growth areas that are close to commercialization, Chief Executive Geoff Martha said at the J.P. Morgan healthcare conference. The company has set up a new growth committee at the board level to move faster on deals.

 (Reporting by Kamal Choudhury in Bengaluru; Editing by Alan Barona)

 ((Kamal.Choudhury@thomsonreuters.com))