Medical sterilization company Sterilis said yesterday it tapped former Nanosphere (NSDQ:NSPH) chief exec Michael McGarrity as its new CEO. McGarrity held the CEO position at Nanosphere from February 2013 to last June when he oversaw the company’s $76.9 million acquisition by Luminex (NSDQ:LMNX). Prior to his time as head of Nanosphere, McGarrity held positions in sales, marketing […]
Alphatec
Alphatec files countersuit in NuVasive case against exec chair Miles
Alphatec (NSDQ:ATEC) this week announced a countersuit against NuVasive Inc. (NSDQ:NUVA) in response to charges levied at its recently joined exec chair Patrick Miles, who jumped ship from NuVasive to lead Alphatec in early October. Earlier this month, NuVasive filed charges against Miles, claiming that he was involved in a year-long scheme to back Alphatec and discourage […]
NuVasive sues former COO Miles for jumping ship to Alphatec
UPDATED Oct. 11, 2017, with comment from Alphatec. NuVasive Inc. (NSDQ:NUVA) yesterday leveled a lawsuit against former COO Patrick Miles, who jumped ship for Alphatec (NSDQ:ATEC) earlier this month, alleging that he enacted a year-long scheme to secretly back Alphatec while discouraging NuVasive from acquiring the smaller company. The lawsuit, filed in the Delaware Chancery Court, claimed that after […]
Dentsply Sirona clears the deck, ousting chairman, CEO & COO | Personnel Moves, Oct. 3, 2017
Dentsply Sirona (NSDQ:XRAY) yesterday cleared the deck of its upper management, ousting its chairman, CEO and COO, appointing an interim chief executive and promoting from within for the interim operating chief role. That means chairman Bret Wise, CEO Jeffrey Slovin and COO Christopher Clark are out, replaced temporarily by Eric Brandt, Mark Thierer and Bob […]
Terumo taps DeRyke for CEO | Personnel Moves | April 7, 2017
Terumo Corp. (TYO:4543) said yesterday it tapped Rob DeRyke as its new CV group prez & CEO, effective April 1, 2017, succeeding a retiring Mark Sutter. Prior to his appointment, DeRyke operated as Terumo CV group electromechanical systems division prez, the company said. “Under his leadership, Rob brought stability and improved profitability to the business,” Terumo […]
Hook to step down as Integer CEO | Personnel Moves | March 31 , 2017
Integer Holdings (NYSE:ITGR) said this week that current CEO Thomas Hook has stepped down as the company’s president and CEO, effective immediately, with Joseph Dziedzic taking over as interim prez & CEO. Hook will stay on the Frisco, Texas-based company’s board until the company’s 2017 annual meeting of stockholders, but will not seek re-election. Dziedzic is currently a […]
Alphatec raises $19m in private placement
Alphatec (NSDQ:ATEC) said it inked a deal to raise roughly $18.9 million in a private placement led by “new healthcare-dedicated institutional investors.” The placement, expected to close March 28, also included Alphatec directors and executives and other existing backers, the company said. The proceeds are earmarked for general corporate and working capital expenses, Alphatec said. “We appreciate the […]
RTI Surgical names new CEO, parts ways with CSO Hartill | Personnel Moves | January 31, 2017
RTI Surgical (NSDQ:RTIX) named Camille Farhat as its chief executive officer, effective March 15, 2017. Previously, Farhat served as president & CEO of American Medical Systems, Inc., where he helped facilitate Boston Scientific (NYSE:BSX)’s $1.65 billion acquisition of the men’s and prostate health businesses. He has also held leadership positions with Baxter (NYSE:BAX), Medtronic (NYSE:MDT) and General Electric (NYSE:GE). “Today […]
Alphatec lays off 20%, CFO O’Neill resigns
Alphatec (NSDQ:ATEC) said this week that it laid of 20% of its workforce and announced the resignation of its CFO & treasurer, Michael O’Neill, effective Oct. 5. The Carlsbad, Calif.-based company reported 430 employees as of Dec. 31, 2015, which would mean job cuts for about 86 workers. Alphatec said it’s making the move as part of its plan […]
Alphatec shuffles the deck | Personnel Moves, Sept. 19, 2016
Alphatec shuffles the deck Alphatec (NSDQ:ATEC) said it returned chairman Leslie Cross to the corner office as interim CEO, effective Sept. 16, and made a few other changes in the executive suite. Cross, who was Alphatec’s CEO from 2012 to 2014, succeeded the resigning James Corbett, Carlsbad, Calif.-based Alphatec said. The company also promoted COO Michael […]
Alphatec closes $80m sale of int’l biz to Globus, announces 1-12 reverse split
Alphatec (NSDQ:ATEC) said it closed the $80 million sale of its international operations and distribution channels to Globus Medical (NYSE:GMED) and announced a 1-for-12 reverse stock split. Carlsbad, Calif.-based Alphatec said today that Globus paid $80 million in cash for its international operations and distribution channel, and inked a 5-year senior secured credit facility for up to $30 million. Alphatec also […]