Orthofix (NSDQ:OFIX) yesterday blew away expectations for its 2nd quarter earnings, posting a 24.8% sales growth and a greater than 500% turn-around on earnings. Orthofix reported profits of $4.1 million, or 19¢ per share, on sales of $101 million for the 3 months ended June 30. That puts sales over $3 million up on analyst’s expectations. That […]
Orthofix
Zimmer & Biomet shift personnel after acquisition| Personnel Moves
Zimmer (NYSE:ZMH), who acquired Biomet in a deal that closed this month, announced a series of personnel shifts upon the closure of the merger. Zimmer CFO and senior veep James Crines has stepped down from his position to retire, effective August 3, to be replaced by former CFO and senior veep of BiometDaniel Florin, the company said. […]
ConvaTec makes interim chief Moraviec CEO | Personnel Moves
ConvaTec, which is rumored to be exploring a sale, said yesterday that it made its interim CEO, former EMEA president Paul Moraviec, to be its new permanent CEO.
Luxembourg-based ConvaTec, which is owned by private equity firms Avista Capital Partners and Nordic Capital, tapped Moraviec to lead its business in Europe, the Middle East and Africa in 2009.