IMCO names new director of extended care
IMCO announced that Jay Butler will join the company as director of extended care. Butler previously worked for Nestle Health Science, where he held multiple positions in sales and leadership selling adult and infant nutrition, pharmaceuticals, and equipment, most recently as director of distribution and extended care.
Owens & Minor announces new leadership appointments
Owens & Minor Inc (Richmond, VA) appointed Robert K. Snead as EVP and CFO, effective December 6, 2018. Snead has served as interim CFO since June 2018. Snead joined Owens & Minor in 2010 as VP of corporate development, increasing his responsibility and experience as he assumed additional roles, including leading strategy, investor relations, and financial planning and analysis.
Owens & Minor also appointed Joseph S. Pekala as SVP and chief information officer (CIO), effective December 10, 2018. As CIO, Pekala will lead Owens & Minor’s global technology organization with a focus on driving transformation and growth. He will be responsible for the overall technology direction of Owens & Minor’s products, services, and internal initiatives. Pekala and his team will be responsible for global IT services, platform delivery, and technology. Pekala most recently was SVP and CIO for ACCO Brands Inc.
Bovie Medical announces name change to Apyx Medical Corporation, appoints new CFO
Bovie Medical Corporation (Clearwater, FL) announced a corporate rebranding and company name change to Apyx Medical Corporation, effective January 1, 2019. The company will also move its stock exchange listing to the NASDAQ Global Select Market from the New York Stock Exchange, and expects that its common stock will commence trading on the NASDAQ Global Select Market on January 2, 2019, under the new ticker symbol “APYX.” The rebranding and name change is the final milestone resulting from the previously announced divestiture and sale of the core business segment and Bovie brand to Symmetry Surgical Inc.
Bovie also announced it appointed Tara H. Semb as CFO, effective January 2, 2019. Prior to joining Bovie Medical, Semb was CFO for AVAIL Vapor LLC, a manufacturer and retailer of e-liquid for use in electronic vapor devices, from 2015 until 2018.
GE quietly files IPO to spin out its health unit
General Electric confidentially filed to take its healthcare unit public, progressing its plans to spin the company out into a separate entity, according to Bloomberg. GE revealed plans to spin off its healthcare business into a standalone enterprise in June, concluding a yearlong strategic review of the company’s operations and financial strength. The company is working with Goldman Sachs Group, Bank of America Corp., Citigroup, JPMorgan Chase and Morgan Stanley for the initial public offering, which is expected in spring 2019.
DJO to move headquarters to Dallas from San Diego
DJO, a global provider of medical technologies designed to get and keep people moving, announced plans to relocate its global headquarters from San Diego, CA to Dallas, TX by early 2019. The company’s Bracing and Supports business unit and Consumer business unit will remain in San Diego in a new and improved contemporary space. DJO stated that it plans to expand its presence into a market with a strong and larger pool of talent, gain greater and more efficient customer access, and take advantage of what it believes is a better corporate environment.
PeaceHealth to acquire 37 clinics
PeaceHealth (Vancouver, WA) entered a definitive agreement to acquire Zoom+Care (Portland, OR), a provider of on-demand retail and digital healthcare. Under the deal, PeaceHealth will acquire Zoom+Care’s 37 neighborhood clinics in Oregon and Washington. Zoom+Care, which offers urgent care, primary care, specialty care, mental health and telemedicine, will have a separate leadership team and board of directors. The transaction was expected to close December 31.