CONMED Corporation
| Company type | Public company |
|---|---|
| Founded | 1970 |
| Headquarters |
|
Key people |
|
| Revenue | US$1.05 billion (2022) |
| US$ -70.9 million (2022) | |
| US$ -80.6 million (2022) | |
| Total assets | US$2.3 million (2022) |
| Total equity | US$1.6 million (2022) |
Number of employees | 4,100 (2022) |
| Website | www |
| Footnotes / references [1] | |
The CONMED Corporation is a publicly traded American manufacturer of medical equipment and surgical devices, primarily in the orthopedic, laparoscopic and general surgery, and patient care areas.[2] CONMED's headquarters is in Largo, Florida. Prior to July 2022, it was in Utica, New York.[3] CONMED embraces a people-first culture that starts with a mission to support their healthcare partners and the patients they serve. They have manufacturing facilities in the United States and Mexico, offices internationally, and a vast global footprint.[4]
CONMED manufactures hundreds of products, including the AirSeal® iFS insufflator, PlumeSafe® X5™ Smoke Evacuator, BioBrace® Reinforced Bioinductive Implant, Y-Knot® All-Suture Anchor, and Argo Knotless® Suture Anchor.
History
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.[5] Its first product was a disposable ECG electrode.[2] Growing through acquisitions, Corasanti served as CEO until 2006 when Curt Hartman gained the President, CEO, and Chairman of the Board position in 2014. Pat Beyer took over as President and CEO on January 1, 2025.
Today, CONMED remains focused on assisting healthcare providers enhance patient outcomes.
Acquisitions
- 1989: Aspen Labs from Bristol-Myers Squibb[6]
- 1995: New Dimensions in Medicine Inc.[7][8] and the Birtcher Corporation, manufacturer of the Hyfrecator[9]
- 1997: Linvatec Corp, from Bristol-Myers Squibb[10][11][6]
- 2002: ValMed and NorTrex Medical[6]
- 2003: Core Dynamics and Bionx Implants[6]
- 2004: Endoscopic unit of C R Bard Inc[12][6]
- 2012: Viking Systems[6]
- 2016: SurgiQuest[6][13]
- 2017: ExoShape ACL product line from MedShape[6]
- 2019: Buffalo Filter[6]
- 2022: In2Bones and Biorez[14][1]
References
- ^ a b 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.
- ^ "Utica's ConMed moved headquarters to Largo, Florida". Utica Observer Dispatch. July 20, 2022. Retrieved May 4, 2023.
- ^ "Locations". CONMED corporation. Retrieved May 4, 2023.
- ^ "Meet Eugene "Gene" Corasanti, CONMED's Founder". www.linkedin.com. 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 & 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
- Official website
- Business data for CONMED Corporation: