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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
06/24/201612:19:05Current Report Filing (8-k)
06/23/201615:20:00Annual Report of Employee Stock Plans (11-k)
06/20/201606:04:00DaVita HealthCare Partners Receives Multiple Honors from Leading...
06/16/201608:24:00DaVita Kidney Care Supports New Program from the American Board...
06/13/201608:12:00Amar Desai, M.D., Returns to DaVita HealthCare Partners
06/09/201613:31:24Statement of Changes in Beneficial Ownership (4)
06/08/201608:24:00DaVita Announces Intent to Enter into Transaction with Inspira...
06/02/201617:27:41Statement of Changes in Beneficial Ownership (4)
06/01/201614:09:25Statement of Changes in Beneficial Ownership (4)
05/26/201618:19:38Statement of Changes in Beneficial Ownership (4)
05/24/201619:19:15Statement of Changes in Beneficial Ownership (4)
05/24/201619:16:46Statement of Changes in Beneficial Ownership (4)
05/24/201606:13:00DaVita Kidney Care Releases Free Kidney-Friendly Cookbook
05/19/201617:21:50Statement of Changes in Beneficial Ownership (4)
05/19/201617:20:31Statement of Changes in Beneficial Ownership (4)
05/19/201611:41:00DaVita, Northwell Health Announce Joint Venture to Deliver Full...
05/19/201609:16:00DaVita Announces Agreement to Acquire a Prominent Medical Group...
05/18/201617:23:32Current Report Filing (8-k)
05/17/201618:54:40Statement of Changes in Beneficial Ownership (4)
05/17/201618:52:49Statement of Changes in Beneficial Ownership (4)

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