Minnesota's largest medical-device company is looking to get even larger.
Medtronic CEO Bill Hawkins
tells Bloomberg that the company is on the hunt for acquisition targets as a way to restore its sales growth.
Hawkins tells Bloomberg the company is focusing on "tuck-in" acquisitions that plug holes in its existing businesses. But it won't rule out acquisitions as large as $1 billion if "we see something that is a good strategic fit."
"If we see something that's a good strategic fit, we have the ability to act on it," Hawkins told Bloomberg. "We're not in a reactive mode, like we have to go out and do more acquisitions now."