Hospitals Ramp Up Pressure On Medical-Device Prices

By · October 22, 2009 · No comments
Financial · Tagged: , , ,

BOSTON (Dow Jones)--While hospitals grapple with the economic downturn and the potential effects of health-care reform, they are pushing their financial troubles onto big medical-device companies.

It's having an effect, according to executives at Johnson & Johnson (JNJ), Boston Scientific Corp. (BSX) and St. Jude Medical Inc. (STJ), all of which have reported signs of mounting pressure. It is not a brand-new phenomenon, but it is one that may worsen as hospitals battle to control costs.

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