The Emerald Isle was good to Medtronic last year.
Medtronic Vascular Galway Ltd., the Irish subsidiary of Medtronic Inc. (NYSE:MDT), posted a $269 million (USD) profit on more than $1 billion in sales during 2010, according to a report in the Irish Times.
The subsidiary, which Medtronic acquired in 2009 when it bought out another subsidiary, Medtronic Vascular Holdings, employs 1,850 employees in Galway, according to the newspaper.
The company said sales to other Medtronic group companies in the U.S. and Switzerland made up the bulk of its sales.
Medtronic, which is set to report its third quarter results for 2011 Feb. 22, lists about 170 subsidiaries across the globe, according to regulatory filings.