Baxter (NYSE: BAX) interim CFO Anita Zielinski will depart from the company in September, according to SEC filings. Zielinski is stepping down after less than two years at Baxter to pursue a new opportunity at Cardinal Health (NYSE: CAH), where she will succeed Mary Scherer as its chief accounting officer and SVP of finance beginning […]
Distribution
Cardinal Health nearly doubles medtech profits, fueling Q4 earnings beat
Cardinal Health (NYSE: CAH) today released Q4 results that handily beat the Wall Street consensus on profits, even as it missed on revenue. The Dublin, Ohio pharmaceutical, medtech, and healthcare distribution giant also projected an EPS range for its new fiscal year that exceeded analysts’ expectations. CAH shares were up more than 4% to $248.60 […]
Medline tops earnings estimates in Q2, trims earnings outlook after California fire
Medline (Nasdaq:MDLN) posted second-quarter results today, beating the consensus forecast and raising its sales outlook for the rest of the year while cutting its EBITDA outlook, citing inflationary pressure from the Middle East conflict and higher operational investments. The quarter’s results were also weighed down by a fire at its Tracy, California distribution center and […]
Henry Schein creates new leadership team as three executives step down
Henry Schein (Nasdaq:HSIC) announced that it is creating the Henry Schein Leadership Team (HSLT) to replace its Executive Management Committee. The company will also integrate its global supply chain organization with its global distribution group. “I am pleased to announce a new leadership structure at Henry Schein that reflects an important evolution of our […]
Johnson & Johnson invests $1B in US Vision manufacturing
Johnson & Johnson (NYSE:JNJ) today announced an investment of more than $1 billion in its Florida-based U.S. Vision operations. The medtech giant wants to strengthen operations in Jacksonville, Florida, by scaling manufacturing, packaging and distribution capabilities. Its Vision business produces a range of eye health solutions, including Acuvue contact lenses and next-generation intraocular lens (IOL) […]
Boston Scientific to open $138M medical device distribution facility in Indiana, adding 300 jobs
Indiana Gov. Mike Braun announced this week that Boston Scientific (NYSE:BSX) plans to open a new global medical device distribution facility in the state. The Marlborough, Massachusetts-based medtech giant expects the facility, in Plainfield, Indiana, to create up to 300 new, high-wage jobs. This marks the latest expansion for Boston Scientific’s operations. The company has […]
Medtronic expands distro deal for Corsano multi-parameter wearable monitor device
Medtronic (NYSE:MDT) announced today that it expanded its strategic partnership with wearable patient monitor maker Corsano Health. Corsano specializes in advanced real-time remote patient monitoring solutions. Last year, Medtronic agreed to exclusively distribute the company’s wearable solution in Western Europe for hospital and hospital-at-home use. Today, the companies expanded their agreement, making Medronic the exclusive […]
Owens & Minor names former McKesson SVP as new CEO
Owens & Minor announced today that it appointed Jim Marshall as its new CEO, effective immediately. Marshall joins from McKesson, where he most recently served as SVP of Health Systems. There, he built a collaborative, high-performance culture that drove double-digit growth across revenue, profitability and market share, according to a news release. Before this role, […]
Owens & Minor adds former Smith+Nephew SVP as new COO
Owens & Minor announced today that it appointed Marc Rottink as its new chief operating officer (COO), effective immediately. Rottink brings nearly three decades of experience in leading global, multi-site healthcare supply chain operations. That includes strategic transformation, oversight and the management of global inventory assets and distribution operations. It also extends to integrated business planning, […]
Olympus inks distro deal with EndoRobotics to boost EndoTherapy portfolio with robot-assisted tech
Olympus announced today that it entered into an exclusive global distribution agreement with EndoRobotics Co. Under the agreement, Olympus becomes the exclusive global distributor of robot-assisted technologies manufactured by EndoRobotics. The Korea-based company’s technologies fall within Tokyo-based Olympus’ EndoTherapy portfolio. Olympus said the collaboration should help drive broader adoption of advanced endoscopic procedures, such as […]
Medtronic, Merit Medical ink distro deal for ViaVerte nerve ablation tech
Medtronic (NYSE:MDT) announced today that it entered into a distribution agreement with Merit Medical Systems (Nasdaq:MMSI) for its ViaVerte system. Merit offers the FDA-cleared ViaVerte minimally invasive, implant-free basivertebral nerve ablation (BVNA) system. Medtronic describes it as the first and only BVNA system with a physician-controlled steerable mechanism for precise basivertebral nerve targeting for treating […]
