The CONMED Corporation is a publicly traded American manufacturer of medical equipment, primarily orthopedic, endoscopy, and generalsurgical tools.[2] In 2021, orthopedics made up $550 million of its revenue.[3] It is part of the S&P 600. It has manufacturing facilities in the United States and Mexico, and sales and distribution offices internationally.[1][4]
In 1970, Eugene Corasanti (1930–2015) purchased a small medical supplied distributor in Utica, New York. He originally named the company Concor Enterprises, but later renamed it to Consolidated Medical Equipment, Inc.[8] Its first product was a disposable ECG electrode.[2] Corasanti served as CEO until 2006 and chairman of the board until 2014. By the time he retired, CONMED had grown to around $700 million of sales.[8]
In May 2003 CONMED was cited by the FDA for violations at its Colorado plant.[9] Later in 2003, it filed suit against Johnson & Johnson, alleging that Johnson & Johnson was illegally coercing hospitals into purchasing their surgical instruments.[10] A financial analyst for Zacks in 2006 criticized CONMED for taking on the financial strain of this suit, combined with poor growth and debt from recent acquisitions.[11]
Eugene's son Joseph J. Corasanti replaced him as CEO in late 2006,[12] which was criticized by some as nepotism. At the time, the board had consisted entirely of Utica-area residents.[13] Joseph stepped down in 2014.[14]
In July 2022, CONMED moved its headquarters from Utica to Largo, Florida. Its plant in Utica remains open.[15]
^"COMPANY NEWS; F.D.A. CITES VIOLATIONS AT CONMED, SURGICAL TOOLS MAKER". The New York Times. May 21, 2003. ISSN 0362-4331. Retrieved May 4, 2023.
^Walsh, Mary Williams (November 8, 2003). "Johnson & Johnson Is Sued By Rival Over Sales Methods". The New York Times. ISSN 0362-4331. Retrieved May 4, 2023.
^Armstrong, David (June 5, 2006). "Under the Knife". Forbes. Vol. 177, no. 12. EBSCOhost 21396346.
^"Noted..." WSJ. November 3, 2006. Retrieved May 12, 2023.
^"Voce Capital Demands Changes at CONMED Corporation". Business Wire. November 4, 2013. EBSCOhost bizwire.c51624434.
^Reinhardt, Eric (August 1, 2014). "ConMed moves forward with interim CEO after Corasanti steps down". Business Journal (Central New York). Vol. 28, no. 30. pp. 2–9B. ISSN 0894-5675. EBSCOhost 97514948.
^"Utica's ConMed moved headquarters to Largo, Florida". Utica Observer Dispatch. July 20, 2022. Retrieved May 4, 2023.
^ abcdefghi"MarketLine Company Profile: CONMED Corp". MarketLine. August 11, 2022. EBSCOhost 159347027.
^"Acquisition by Conmed". The New York Times. October 20, 1995. ISSN 0362-4331. Retrieved May 4, 2023.
^Christy, John H.; Waxler, Caroline (May 5, 1997). "Exit the E.R.". Forbes. Vol. 159, no. 9. p. 191. EBSCOhost 9704271568.
^O'Dell, John (January 19, 1995). "Birtcher to Cut 80% of Staff, Close Irvine Office if Merger OKd : Deal: The N.Y.-based competitor looking to acquire the firm wants its products and Mexican operation, not its workers. Employees expected the layoff announcement". Los Angeles Times. Retrieved November 30, 2021.
^"Bristol-Myers to Sell a Medical Devices Unit". The New York Times. November 28, 1997. ISSN 0362-4331. Retrieved May 4, 2023.
^"COMPANY NEWS; CONMED SHARES UP ON DEAL WITH BRISTOL-MYERS". The New York Times. November 29, 1997. ISSN 0362-4331. Retrieved May 4, 2023.
^"COMPANY NEWS; CONMED TO BUY BARD'S ENDOSCOPIC UNIT FOR $80 MILLION". The New York Times. August 19, 2004. ISSN 0362-4331. Retrieved May 4, 2023.
conmed, corporation, other, uses, conmed, conmed, disambiguation, publicly, traded, american, manufacturer, medical, equipment, primarily, orthopedic, endoscopy, general, surgical, tools, 2021, orthopedics, made, million, revenue, part, manufacturing, faciliti. For other uses of ConMed see ConMed disambiguation The CONMED Corporation is a publicly traded American manufacturer of medical equipment primarily orthopedic endoscopy and general surgical tools 2 In 2021 orthopedics made up 550 million of its revenue 3 It is part of the S amp P 600 It has manufacturing facilities in the United States and Mexico and sales and distribution offices internationally 1 4 CONMED CorporationTypePublic companyTraded asNasdaq CNMDS amp P 600 componentFounded1970HeadquartersLargo Florida United StatesUtica New York United States former Key peopleCurt Hartman chairman of the board President and CEO RevenueUS 1 05 billion 2022 Operating incomeUS 70 9 million 2022 Net incomeUS 80 6 million 2022 Total assetsUS 2 3 million 2022 Total equityUS 1 6 million 2022 Number of employees4 100 2022 Websitewww wbr conmed wbr comFootnotes references 1 Products made by CONMED include the Hyfrecator electrosurgical generator 5 and insufflation systems 6 7 Contents 1 History 2 Acquisitions 3 References 4 External linksHistory editIn 1970 Eugene Corasanti 1930 2015 purchased a small medical supplied distributor in Utica New York He originally named the company Concor Enterprises but later renamed it to Consolidated Medical Equipment Inc 8 Its first product was a disposable ECG electrode 2 Corasanti served as CEO until 2006 and chairman of the board until 2014 By the time he retired CONMED had grown to around 700 million of sales 8 In May 2003 CONMED was cited by the FDA for violations at its Colorado plant 9 Later in 2003 it filed suit against Johnson amp Johnson alleging that Johnson amp Johnson was illegally coercing hospitals into purchasing their surgical instruments 10 A financial analyst for Zacks in 2006 criticized CONMED for taking on the financial strain of this suit combined with poor growth and debt from recent acquisitions 11 Eugene s son Joseph J Corasanti replaced him as CEO in late 2006 12 which was criticized by some as nepotism At the time the board had consisted entirely of Utica area residents 13 Joseph stepped down in 2014 14 In July 2022 CONMED moved its headquarters from Utica to Largo Florida Its plant in Utica remains open 15 Acquisitions edit1989 Aspen Labs from Bristol Myers Squibb 16 1995 New Dimensions in Medicine Inc 17 18 and the Birtcher Corporation manufacturer of the Hyfrecator 19 1997 Linvatec Corp from Bristol Myers Squibb 20 21 16 2002 ValMed and NorTrex Medical 16 2003 Core Dynamics and Bionx Implants 16 2004 Endoscopic unit of C R Bard Inc 22 16 2012 Viking Systems 16 2016 SurgiQuest 16 23 2017 ExoShape ACL product line from MedShape 16 2019 Buffalo Filter 16 2022 In2Bones and Biorez 24 1 References edit a b c CONMED Corporation 2023 2022 Annual Report a b Aronovich Hanna December 2007 In Depth Coverage U S Business Review Vol 8 no 12 pp 92 93 ISSN 1552 6313 EBSCOhost 28832089 Zaheer Aima January 14 2023 15 Largest Orthopedic Companies in the World Yahoo Finance Retrieved May 12 2023 Locations CONMED corporation Retrieved May 4 2023 News and product update Journal of Medical Engineering amp Technology 46 1 85 87 January 2 2022 doi 10 1080 03091902 2021 2009694 ISSN 0309 1902 S2CID 246053832 News and product update Journal of Medical Engineering amp Technology 41 6 506 509 August 18 2017 doi 10 1080 03091902 2017 1341245 ISSN 0309 1902 PMID 28795647 S2CID 37834557 Lathers Steven Krishnamoorthy Mahesh Vasdev Nikhil Tegan Gary January 2 2023 Distribution of surgical smoke particles within a simulated laparoscopic cavity utilizing an AirSeal system Journal of Medical Engineering amp Technology 47 1 12 28 doi 10 1080 03091902 2022 2096134 hdl 2299 25712 ISSN 0309 1902 PMID 35801978 S2CID 250358381 a b Meet Eugene Gene Corasanti CONMED s Founder www linkedin com Retrieved May 4 2023 COMPANY NEWS F D A CITES VIOLATIONS AT CONMED SURGICAL TOOLS MAKER The New York Times May 21 2003 ISSN 0362 4331 Retrieved May 4 2023 Walsh Mary Williams November 8 2003 Johnson amp Johnson Is Sued By Rival Over Sales Methods The New York Times ISSN 0362 4331 Retrieved May 4 2023 Armstrong David June 5 2006 Under the Knife Forbes Vol 177 no 12 EBSCOhost 21396346 Noted WSJ November 3 2006 Retrieved May 12 2023 Voce Capital Demands Changes at CONMED Corporation Business Wire November 4 2013 EBSCOhost bizwire c51624434 Reinhardt Eric August 1 2014 ConMed moves forward with interim CEO after Corasanti steps down Business Journal Central New York Vol 28 no 30 pp 2 9B ISSN 0894 5675 EBSCOhost 97514948 Utica s ConMed moved headquarters to Largo Florida Utica Observer Dispatch July 20 2022 Retrieved May 4 2023 a b c d e f g h i MarketLine Company Profile CONMED Corp MarketLine August 11 2022 EBSCOhost 159347027 Acquisition by Conmed The New York Times October 20 1995 ISSN 0362 4331 Retrieved May 4 2023 Christy John H Waxler Caroline May 5 1997 Exit the E R Forbes Vol 159 no 9 p 191 EBSCOhost 9704271568 O Dell John January 19 1995 Birtcher to Cut 80 of Staff Close Irvine Office if Merger OKd Deal The N Y based competitor looking to acquire the firm wants its products and Mexican operation not its workers Employees expected the layoff announcement Los Angeles Times Retrieved November 30 2021 Bristol Myers to Sell a Medical Devices Unit The New York Times November 28 1997 ISSN 0362 4331 Retrieved May 4 2023 COMPANY NEWS CONMED SHARES UP ON DEAL WITH BRISTOL MYERS The New York Times November 29 1997 ISSN 0362 4331 Retrieved May 4 2023 COMPANY NEWS CONMED TO BUY BARD S ENDOSCOPIC UNIT FOR 80 MILLION The New York Times August 19 2004 ISSN 0362 4331 Retrieved May 4 2023 Diakantonis Demitri November 16 2015 Conmed Adds Airseal Medical Device Maker SurgiQuest Mergers amp Acquisitions Report EBSCOhost 111147785 Sean Whooley June 14 2022 Conmed completes 145M In2Bones acquisition MassDevice Pederson Jay P ed 2007 International Directory of Company Histories Vol 87 St James Press pp 118 120 ISBN 9781558625914 External links editOfficial website Business data for CONMED Corporation BloombergGoogleSEC filingsYahoo nbsp This United States corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title CONMED Corporation amp oldid 1182642839, wikipedia, wiki, book, books, library,
