Newly minted NuVasive CEO Greg Lucier has quite the pedigree when it comes to building successful companies. Lucier, who was named permanent CEO of the San Diego, Calif.-based spinal device company in May 2015, built Life Technologies from a start up (then named Invitrogen) to a global biotech juggernaut with 12,000 employees and just under […]
March 24, 2014 by Arezu Sarvestani
DJO Global said it hired a new CFO, Susan Crawford, formerly of Life Technologies.
Crawford replaces Vickie Capps, who left DJO late last year "to pursue other business opportunities," the company said at the time.
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.
MASSDEVICE ON CALL — Health care spending grew only 3.8% in 2009 and 3.9% in 2010, the smallest spending increase in 50 years.
The rate of growth in the health care sector has slowed every year since 2002, but the rates in 2009 and 2010 were especially pronounced, according to the Centers for Medicare & Medicaid Services national health expenditure report.
Quintiles is resuming its plans to raise more than $2 billion in bank financing.
The Durham, N.C.-based, contract research organization is planning to enter into a new $2.2 billion credit facility, with proceeds from the borrowed funding being used to refinance $1.7 billion in existing debt, including an offer to buy $525 million of 9.5 percent outstanding senior notes that are due in 2014.