Cook Group said today it broke ground on a new Bloomington, Ind.-based facility that could double the footprint of its headquarters in the city. The company said it acquired the facility, which was a former General Electric (NYSE:GE) refrigerator manufacturing site, last year, and that it spans over one million square feet. The addition is set […]
Cook Group Inc.
Siemens (NYSE:SI) Healthineers said today it tapped former Abbott (NYSE:ABT) Vascular president Dr. Deepak Nath as its new laboratory diagnostics business president, taking over for Franz Walt who operated as president from 2014 to 2017. Nath spent 10 years with Abbott, serving most recently as its vascular division president and as an executive officer of the company, and […]
Cook Group said today that it completed the sale of Cook Pharmica to Catalent (NYSE:CTLT). Catalent announced last month that it planned to dish out $950 million to buy the biologics contract manufacturer. The newly-acquired company will be called Catalent Bloomington, according to Cook Group. Get the full story at our sister site, Drug Delivery Business News.
Cook said yesterday that Cook Medical president Pete Yonkman will become the new president of Cook Group Inc., as current president Kem Hawkins is slated to retire on July 1. “Under Kem’s leadership, we have seen exciting new opportunities to help patients, our employees, and the communities where we operate. With his guidance, our company […]
Cook Medical named Rob Lyles executive vice president, the latest move in a larger management shift at the Indiana medtech maker.
Lyles was formerly vice president of Cook’s peripheral intervention division. He has been with the company since 2003 and was named division VP in 2007. Lyles’ promotion follows the advancement of Pete Yonkman to president of the Cook Medical. Mark Breedlove, a 19-year veteran of Cook Medical, will succeed Lyles as VP of the peripheral intervention division.
Cook Medical said it named Pete Yonkman as president, with Kem Hawkins stepping down from the role to better oversee Cook Group altogether.
Yonkman has been with Cook Medical for the past 12 years, originally joining the company as corporate counsel and most recently serving as executive vice president of Cook Medical’s 10 strategic business units.
Cook Group chairman Steve Ferguson told Sen. Pat Toomey (R-Pa.) at a House Ways & Means Committee meeting yesterday that the medical device tax is the "straw that broke the camel’s back" in terms of sending medical device manufacturing overseas.
The U.S. Supreme Court’s decision to uphold the the healthcare reform law shocked the world this morning, but it doesn’t stop the fight to repeal the medical device tax, according to several medical device company leaders.
Cook Group chairman Steve Ferguson told MassDevice he isn’t disheartened by the Supremes’ decision.
"We never thought that it would affect the tax," Ferguson told us. "Whichever way the decision went, we felt we would still have to move forward with the repeal efforts."
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The House Ways & Means Committee voted this week to approve Erik Paulsen’s (R-Minn.) medical device tax repeal bill for a vote on the House floor, but the decision wasn’t without conflict.
Democrats who expressed concern about how to make up for the $30 billion the med-tech levy is projected to raise over 10 years were outvoted with a 23-11 majority, with 2 of their own joining Republicans in supporting repeal.