Pros
Products help enrich the lives of people, or directly help save life and limb. Engineers are passionate about their work. Self care is encouraged, and a workplace of compassionate understanding exists at some levels. On-site cafeteria is tasty and cheap.
Cons
In general, despite acquisition nearly 6 years ago by Philips (prior company was Spectranetics), the Colorado Springs site still operates like a small business trying to be acquired. This leads the Site level management (Colorado Springs, CO) to be disconnected from the upper management in nearly all respects. If patient and user safety is top of mind for the corporate management, site management focuses of short-term profit. This is VERY disconcerting for engineers, as your job is jeopardized regardless of action. Design-make-test cycles are difficult due to the sheer complexity of documentation and associated processes.