Align Technology (Nasdaq:ALGN) announced that it opened its first Europe, Middle East & Africa (EMEA) manufacturing facility. The regional facility opened in Wroclaw, Poland. It represents Align’s third regional manufacturing facility globally, joining the existing ones in Juarez, Mexico, and Ziyang, China. Align said in a news release that the state-of-the-art facility will serve as […]
Contract Manufacturing
The 10 largest medtech employers — and what their employees really think
Employees of the 10 largest medtech employers are happy to be a part of companies having a positive impact on patient populations. That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor. Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 […]
Surgalign settles on OEM business sale, posts Q2 earnings miss
Surgalign (Nasdaq:SRGA) shares are down today on the news of its second-quarter financial results and a global settlement agreement. Shares of SRGA were down 8.3% at $5.50 apiece before the market opened this morning. They sank even further after the market opened, with shares trading down 20.5% at $4.77 in the early hours. (MassDevice‘s MedTech 100 […]
Owens & Minor shares down on revised outlook
Owens & Minor (NYSE:OMI) today posted Q2 results that matched the overall consensus on Wall Street, though it revised its outlook amid macroeconomic headwinds. The Richmond, Virginia–based healthcare products and services giant reported profits of $28.6 million, or 37¢ per share, on sales of $2.5 billion for the three months ended June 30 for a […]
Cardinal Health names new chief information officer
Cardinal Health (NYSE:CAH) announced today that it named Michelle Greene as its chief information officer. In her new role at Dublin, Ohio-based Cardinal Health, Greene will report to CEO Mike Kaufmann and join the company’s executive committee. “Michelle is a proven leader with a wealth of experience across multiple industries,” Kaufmann said in a news […]
Integer boosts 2022 revenue projections, cuts earnings outlook
Integer (NYSE:ITGR) posted second-quarter results today that beat the overall consensus forecast on Wall Street. The Plano, Texas–based medical device outsource manufacturer reported profits of $20.8 million, or 62¢ per share, on sales of $350 million for the three months ended July 1, for a bottom-line slide of 29.2% on sales growth of 12.2% compared with […]
Haemonetics completes move to new Pennsylvania manufacturing facility
Haemonetics (NYSE:HAE) announced today that it fully commenced operations at its new manufacturing center in Clinton, Pennsylvania. Boston-based Haemonetics previously operated at a manufacturing plant in nearby Leetsdale, Pennsylvania, from 1990 until now. According to a news release, the custom-built facility constitutes approximately 200,000 square feet in Clinton Commerce Park near Pittsburgh International Airport. Initial […]
Cardinal Health opens new distribution center in Ohio
Cardinal Health (NYSE:CAH) announced today that it added a new distribution center in the Columbus, Ohio, area. Dublin, Ohio–based Cardinal Health’s new distribution center, which folds into its multi-year warehouse modernization and growth strategy, will support its at-home solutions business that provides medical supplies for comfortable care in the home for those with chronic and serious […]
‘Catastrophic explosion’ and resin shortage led Medtronic’s supply chain problems
Medtronic CEO Geoff Martha today said a “catastrophic explosion” in Medtronic’s supply chain for packaging and a shortage of resins were the biggest issues hurting the company’s fourth-quarter performance. Fridley, Minnesota-based Medtronic (NYSE:MDT) reported about $350 million less in sales than analysts were expecting for the quarter, which ended April 29. Martha said about 75% of […]
Entegris opens Life Sciences Technology Center in Massachusetts
Entegris (Nasdaq:ENTG) announced today that it opened a new Life Sciences Technology Center in Billerica, Massachusetts. The new Life Sciences Technology Center was built to offer life sciences customers the opportunity to leverage Entegris’ cold-chain supply expertise to optimize processes, reduce costs and increase speed to market. Get the full story at our sister site, […]
Henry Schein hires former Medline veteran to drive ‘One Distribution’ push
Henry Schein (Nasdaq:HSIC) today named Dirk Benson as VP and chief commercial officer of the medical device manufacturer and distributor’s North America Distribution Group (NADG). Melville, New York-based Henry Schein is the world’s largest provider of health care supplies and services for office-based dental and medical practitioners, and NADG is the company’s largest business group. […]