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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; [email protected]

Stock News for Davita (DVA)
DateTimeHeadline
01/12/201722:32:00Judge Blocks Rule That Could Limit Premium Assistance for Dialysis...
01/11/201713:17:08Statement of Changes in Beneficial Ownership (4)
01/11/201713:16:40Initial Statement of Beneficial Ownership (3)
01/10/201717:06:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
01/10/201710:34:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation...
01/10/201710:10:00SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces...
01/09/201717:02:00DAVITA NOTIFICATION: Faruqi & Faruqi, LLP Encourages Investors...
01/09/201715:51:00EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities...
01/09/201706:50:00DaVita Inc. to Present at the 35th Annual J.P. Morgan Healthcare...
01/09/201706:06:48Current Report Filing (8-k)
01/09/201706:00:00DaVita Enters Into New Sourcing and Supply Agreement with Amgen...
01/06/201717:15:00Dialysis Community Seeks Emergency Relief to Block CMS' Unlawful...
01/05/201717:37:00DaVita Appoints Pascal Desroches to Board of Directors
01/05/201717:37:00DaVita Announces Joel Ackerman to be CFO
01/05/201717:20:06Current Report Filing (8-k)
01/05/201717:19:14Current Report Filing (8-k)
01/04/201706:13:00Military-Friendly Employer for 8th Consecutive Year
12/29/201616:46:00DaVita Celebrates 2016 Achievements
12/29/201613:51:00DaVita Celebrates 2016 Achievements
12/22/201610:17:00HealthCare Partners Nevada to Acquire WellHealth Quality Care

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