• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

MassDevice

The Medical Device Business Journal — Medical Device News & Articles | MassDevice

  • Latest News
    • Cardiovascular
    • Orthopedics
  • Wall Street Beat
    • Funding Roundup
    • Mergers & Acquisitions
  • Podcasts
    • DeviceTalks Weekly
  • Resources
    • About MassDevice
    • Newsletter Signup
    • Job Board
    • Leadership in Medtech
    • Manufacturer Search
    • MedTech 100 Index
    • Videos
    • Whitepapers
  • DeviceTalks Tuesdays
    • DeviceTalks
  • Coronavirus: Live updates

Accellent Inc.

Accellent loses 2 plants, cuts about 200 workers amid merger

September 10, 2014 By Arezu Sarvestani Leave a Comment

Accellent loses 2 plants, cuts about 200 workers

Accellent is preparing to close doors on a couple manufacturing facilities as the device maker navigates its integration with Lake Region Medical Center.

Accellent said that it will close down a plant in Arvada, Colo., resulting in layoffs for some 200 workers. The company is also planning to consolidate a pair of Galway, Ireland, facilities into a single location, but hopes to keep most of those employees.

Filed Under: News Well Tagged With: Accellent Inc., Lake Region Medical Center, Layoffs

Accellent promotes Friedman to president & COO | Personnel Moves

September 26, 2013 By Arezu Sarvestani Leave a Comment

fired/hired

 Accellent names new COO, president

Massachusetts medtech manufacturer Accellent Inc. shuffled its C-Suite, promoting Jeremy Friedman from CFO to president and COO of the cardio & vascular business, in addition to his duties as executive vice president.

Filed Under: News Well Tagged With: Accellent Inc., Covidien, InspireMD, mazorrobotics, Personnel Moves

Accellent expands into Asia

November 3, 2011 By MassDevice staff Leave a Comment

Accellent

Accellent Inc. is expanding its geographic footprint with a move into the Asian market.

The Wilmington, Mass.-based medical device contract manufacturer opened a 65,000-square-foot plant in Penang, Malaysia. It’s the company’s first foray into the Asian market, expanding its global operation to six countries.

President & CEO Donald Spence said that the new plant will serve as an important hub for the company’s Asian business market, since several key customers are located nearby.

Filed Under: Contract Manufacturing, News Well Tagged With: Accellent Inc., Exports

Leading Medical Device Supplier Accellent Expands into Asia

November 3, 2011 By MassDevice Leave a Comment

WILMINGTON, Mass.–(BUSINESS WIRE)–Accellent Inc. (the “Company” or “Accellent”), a leading provider of outsourced precision manufacturing and engineering services to the medical device industry, today announced the opening of a 65,000-square foot manufacturing plant in Penang, Malaysia….

http://www.businesswire.com/news/home/20111102007032/en/Leading-Medical-Device-Supplier-Accellent-Expands-Asia

Filed Under: Uncategorized Tagged With: Accellent Inc., Press Release

Tengion CEO Nichtberger resigns | MassDevice.com Personnel Moves

August 16, 2011 By MassDevice staff Leave a Comment

Tengion

Tengion Inc. (NSDQ:TNGN) chief scientific officer Timothy Bertram will handle CEO duties while the company searches for a new top executive following the June 30 resignation of Dr. Steven Nichtberger.

Filed Under: News Well Tagged With: Accellent Inc., Fujifilm, InSite Vision Inc., InspireMD, Personnel Moves, TearScience, Tengion Inc., Unilife Corp., Welch Allyn

Invivo Therapeutics reports $9 million net loss in 2010

March 25, 2011 By MassDevice staff Leave a Comment

InVivo

InVivo Therapeutics Holdings Corp. (OTC:NVIV), which raised close to $12 million when it went public last year, reported a $9 million net loss for the year ending Dec. 31.

The Cambridge, Mass.-based startup, which is developing an implantable treatment of acute spinal chord injuries, said the 260 percent increase in net losses was attributable to “a non-cash charge of $5,099,000 for derivative losses.” Since its inception in 2005, Invivo has lost more than $14.2 million.

Filed Under: MassDevice Earnings Roundup, News Well Tagged With: Accellent Inc., American Bio Medica Corp., iCad Inc., InVivo Therapeutics, Q4, Tengion Inc.

Earnings roundup: Insulet revenue jumps 36 percent as losses narrow

November 10, 2010 By MassDevice staff Leave a Comment

MassDevice.com Earnings Roundup

Insulet revenue jumps 36 percent as losses narrow
Insulet Corp. (NSDQ:PODD) reported a loss of $12.1 million, or 30 cents per diluted share, on revenue of $25.5 million during the three months ended Sept. 30. That compares with a loss of $16.9 million, or 60 cents per diluted share, on revenue of $18.7 million during the same period last year.

Filed Under: Business/Financial News, MassDevice Earnings Roundup, News Well Tagged With: Accellent Inc., Angiotech, Bovie Medical Corp., Clinical Data Inc., Insulet, NMT Medical Inc., Theragenics Corp.

Accellent readies $315 million debt offering

October 14, 2010 By MassDevice staff Leave a Comment

Accellent logo

Accellent Inc. is planning a private sale of debt worth $315 million.

The Wilmington, Mass.-based company plans to use the offering of senior subordinated notes to fund its announced cash tender offer to repurchase its outstanding 10.5 percent senior subordinated notes due 2013 and to redeem "the 2013 notes that remain outstanding following the consummation of the tender offer." The notes would be due in 2017.

Filed Under: Business/Financial News, News Well, Outsourcing, Research & Development Tagged With: Accellent Inc.

Refinancing costs drive big Q1 loss at Accellent

May 13, 2010 By MassDevice staff Leave a Comment

Recent efforts to retool long-term debt at Accellent Inc. had the short-term effect of causing a big net loss for the medical device contract manufacturer during the three months ended March 31.

The Wilmington, Mass.-based company reported a $7.8 million net loss during the quarter on $122.7 million in revenues, reversing a $609,000 profit and $126.3 million in sales in 2009. Included in the loss was $5.8 million in refinancing costs after Accellent in January replaced a $400 million term loan with $400 million in senior notes maturing in 2017 and a $75 million revolving loan facility with a similarly sized asset-back loan package coming due in 2015.

Filed Under: Business/Financial News, MassDevice Earnings Roundup, News Well Tagged With: Accellent Inc.

Accellent names new president & CEO

April 27, 2010 By MassDevice staff Leave a Comment

Accellent logo

Accellent Inc. named a former leader at Respironics and later Philips Healthcare to be its new president and CEO.

The Wilmington, Mass.-based medical device contract manufacturer said it tapped Donald Spence for the top slot effective May 24, replacing Robert Kirby, who resigned in November 2009 after two years at the helm. Chairman Kenneth Freeman will continue in that role, according to a press release.

Filed Under: Business/Financial News, News Well Tagged With: Accellent Inc.

Primary Sidebar

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
Need Medtech news in a minute?
We Deliver!

MassDevice Enewsletters get you caught up on all the mission critical news you need in med tech. Sign up today.

Tweets by @MassDevice
MDO ad

Footer

MASSDEVICE MEDICAL NETWORK

DeviceTalks
Drug Delivery Business News
Medical Design & Outsourcing
Medical Tubing + Extrusion

MASSDEVICE

Subscribe to MassDevice
Advertise with us
About
Contact us

Add us on Facebook Follow us on Twitter Connect with us on LinkedIn Follow us on YouTube

Copyright © 2021 · WTWH Media LLC and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media.

Advertise | Privacy Policy | RSS