|
|
 |
 |
 |
CEO Message
|
|
Tyco Healthcare is amidst a period of change. While it’s not the rapid change that our employees, business partners and customers have become accustomed to during the past decade, it’s every bit as exciting. Our focus has turned inward, toward making this exceptional company even better.
The past decade has provided many anecdotes and perceptions of this company. We’re decisive. We’re results-oriented. We’re efficient. These qualities will continue to be important. However, our intense acquisition activity perhaps overshadowed the foundation of our business – strong, quality product lines including Kendall, Autosuture and Syneture, Valleylab, Mallinckrodt, Nellcor and Puritan Bennett. |
|
| We are embarking on an aggressive organic growth effort. Over the next few years, we will double our new product development investment; increase our vitality index – the percent of our sales that are represented by products that have been launched within the past three years – to 25%; and create best practice product development processes, in partnership with a proven R&D consulting firm. |
| |
| We are also committed to strengthening our existing product lines. Significant investment in both needles and syringes, including a very innovative safety needle, and our suture products has greatly improved the quality of those products, to the point that we were recently awarded major GPO contracts worth well over $100 million per year. This is a major change in the competitive dynamics in these key segments. |
| |
| We’ve always operated under the premise that good processes, and the associated capital investments, yield high quality and cost effective products. Operational excellence, whether it involves Six Sigma, Lean Manufacturing or other continuous improvement tools is a key driver of our business. |
| |
| At Tyco Healthcare, we establish aggressive goals – and have a proven track record of achieving (and overachieving) these objectives. Our nearly 40,000 employees around the world make this happen within a culture that values accountability, integrity, resourcefulness and productivity – not politics. Financial discipline has always been a cornerstone of the Tyco Healthcare culture. You have our commitment that it will remain so. |
| |
| Some of our products are sophisticated; others are not. But, at the end of the day, each one enriches people’s lives. Through the years, this fact has provided me with great incentive, despite the challenges that we’ve encountered. I see this same sense of pride among our thousands of employees. Producing products that improve care, ease pain and revolutionize the treatment of disease is a job we all take very seriously. |
| |
| We hope that a bit of this pride comes through on this website. Whether you’re a customer, business partner, shareholder or potential employee, we look forward to demonstrating our shared vision and commitment. |
| |
Rich Meelia
|
|
|
|
