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Spectranetics Names Scott Drake President, Chief Executive

DOW JONES NEWSWIRES Spectranetics Corp. (SPNC) named Scott Drake, a former DaVita Inc. (DVA) executive, as its president and chief executive, effective Aug. 10. The medical-device maker's search began last November, when 61-year-old Emile J. Geisenheimer retired from the posts. Drake was senior vice president of operations for DaVita, provider of kidney care and dialysis, where he was responsible for business operations that generated about 20% of the company's $6 billion in revenue. "Scott has a proven track record of developing and leading efforts to accelerate revenue growth within businesses that are similar in size as well as much larger than Spectranetics," said Chairman R. John Fletcher. "Scott's leadership will be a great asset to the company as we work to expand our presence and capture the significant potential within our cardiovascular markets." Spectranetics said in April its first-quarter loss narrowed as revenue rose 5%. Shares closed at $6.76 Monday and were inactive premarket. The stock has gained 32% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Davita (DVA)
DateTimeHeadline
07/01/201506:03:00DaVita HealthCare Partners Expands Presence in Lower Downtown...
06/30/201506:26:00DaVita HealthCare Partners Recognized as a Top Green Company...
06/29/201506:13:00Falcon Physician Honored As Gold Stevie® Award Winner In 2015...
06/26/201506:28:00DaVita Kidney Care Observes Men's Health Month
06/26/201505:32:00DaVita HealthCare Partners Celebrates Men's Health Month
06/25/201510:07:00DaVita Emergency Response Team Prepares Patients for Hurricane...
06/24/201508:00:18DaVita HealthCare Subpoenaed Over Medicare Coding
06/24/201506:08:59Current Report Filing (8-k)
06/24/201506:07:35Current Report Filing (8-k)
06/23/201516:46:59Annual Report of Employee Stock Plans (11-k)
06/19/201516:54:36Current Report Filing (8-k)
06/11/201506:06:00DaVita Kidney Care Recognizes 15th Anniversary in 2015
06/09/201519:19:55Statement of Changes in Beneficial Ownership (4)
06/03/201506:17:00DaVita Kidney Care Releases Top 10 U.S. Cities for Dialysis-Friendly...
06/02/201506:11:00DaVita Reports on 2014 Corporate Social Responsibility Progress
05/28/201506:03:00DaVita Clinical Research Expands Nephrology Clinical Trial Capabilities...
05/27/201506:11:00DaVita HealthCare Partners Recognizes Military Appreciation Month
05/26/201506:24:00DaVita HealthCare Partners Certified as Freedom-Centered Workplace...
05/24/201511:01:02Warren Buffett's Portfolio: 3 Biotech Stocks the Oracle of Omaha...
05/22/201517:01:53Statement of Changes in Beneficial Ownership (4)

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