Owens & Minor (NYSE:OMI) posted second-quarter results yesterday that beat the consensus forecast on Wall Street and adjusted its outlook for the rest of the year. The Mechanicsville, Va.-based company reported profits of -$10.5 million, or -18¢ per share, on sales of $2.5 billion for the three months ended June 30, 2019, for a bottom-line […]
Owens & Minor slides on Q1 earnings miss
Owens & Minor (NYSE:OMI) shares are down today after the medical device company reported first-quarter earnings that missed the consensus forecast as it swung to red ink for the period. Richmond, Va.-based Owens & Minor posted losses of -$14.1 million, or -23¢ per share, on sales of $2.46 billion for the three months ended March […]
Medtronic taps Lennon as CIO | Personnel Moves – April 9, 2018
Medtronic (NYSE:MDT) said that it named Sean Lennon as its new chief information officer, set to take effect April 29. The Fridley, Minn.-based medtech giant said that Lennon will take over for Mike Hedges, who is retiring from the position after 19 years with Medtronic, including 10 as CIO. Prior to joining Medtronic, Lennon served as […]
Owens & Minor taps former Thermo Fisher CCO Pesicka as prez, CEO | Personnel Moves – February 27, 2019
Owens & Minor (NYSE:OMI) said this month that it named former Thermo Fisher Scientific chief commercial officer Edward Pesicka as its new prez & CEO, effective March 4. Pesicka will replace interim prez & CEO Robert Sledd, who will continue to serve as board chair, the Richmond, Va.-based company said. Prior to his position as chief […]
Owens & Minor dips on Q4, 2018 EPS miss
Shares in Owens & Minor (NYSE:OMI) fell today after the medical device maker missed earnings per share expectations on Wall Street with its fourth quarter and full year 2018 earnings results. The Richmond, Va.-based company posted losses of approximately $261.8 million, or $4.37 per share, on sales of approximately $2.54 billion for the three months ended […]
Owens & Minor inks distribution deal with Scripps Health
Owens & Minor (Mechanicsville, Va.) has signed a five-year medical and surgical supply distribution agreement with Scripps Health. The financial details of the deal were not disclosed. Scripps Health is a California-based healthcare system that treats more than 750,000 patients annually. Under the agreement, Owens & Minor will serve Scripps Health’s five acute-care hospital campuses and […]
Sanuwave confirms acting CEO Richardson as company head | Personnel Moves – December 12, 2018
Sanuwave said late last month that it lifted acting CEO and board chair Kevin Richardson to a permanent position in the corner office. Richardson joined the Suwanee, Ga.-based company in 2009 as board chair, and has served as acting CEO since 2014. He also served as managing partner of investment management firm Prides Capital from […]
Google taps ex-Geisinger CEO Feinberg to lead consolidated Google Health biz | Personnel Moves – November 14, 2018
Google (NSDQ:GOOG) has picked up former Geisinger Health CEO David Feinberg to lead its fragmented health divisions under the Google Health moniker, according to a recent CNBC report. The tech giant had been searching for a head for several months, with artificial intelligence head Jeff Dean heavily involved in the process, according to the report. Other […]
Owens & Minor shares tumble despite Q3 beat
Shares in Owens & Minor (NYSE:OMI) have fallen more than 40% so far today after the company released its third quarter earnings, despite the company beating expectations on Wall Street. The Richmond, Va.-based company posted losses of $565,000, or 1¢ per share, on sales of approximately $2.5 billion for the three months ended September 30, seeing […]
The 20 largest medical device companies in the world
The medical device industry saw even more consolidation over the past year, as evidenced by Medical Design & Outsourcing‘s newest Big 100 list. It used to be that a company had to have at least $100 million in annual revenue to make it on the list. This time around, No. 100 on the list is […]
Hospitals sue BD, distributors, GPOs over alleged safety syringe monopoly
A group of healthcare providers levied a purported class action against BD, its distributors and group purchasing organizations accusing them of running a monopoly on the U.S. safety syringe market. The lawsuit, brought in the U.S. District Court for Southern Illinois, was filed on behalf of “healthcare providers nationwide” by a group of providers “who […]
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