BNET Industries

Market Cap:$601.7M
Last Fiscal Year Sales:$319.2M
  • Public
  • US
Dow Jones Description

Here at ArthroCare ENT, we strive to make otorhinolaryngology surgical procedures easier and faster, and to continuously improve patient outcomes. ArthroCare ENT has continued to advance the application of our Coblation technology for ENT surgical procedures such as tonsillectomy, adenoidectomy, and treatments for nasal airway obstruction and snoring. With the growing application of our pioneering Coblation technology, millions of people worldwide stand to benefit from ArthroCare ENT's revolutionary approach.

Interim Chief Executive Officer
David F. Fitzgerald
Number of Employees 413
Contact Information

680 Vaqueros Ave

Sunnyvale, California 94085

arthrocareent.c...

(408) 736-0224

NAICS Code Electromedical and Electrotherapeutic Apparatus Manufacturing: 334510

Recent Events

  • ArthroCare Q3 Loss Widens - Quick Facts

    11/24/09 - Financial Announcement - View Story

  • Fitzgerald named CEO of ArthroCare

    10/26/09 - Mgmt. Change Entering - CEO - View Story

  • ArthroCare raises $75 million in financing

    9/02/09 - New Investment - View Story

  • 3. ArthroCare Announces Agreement with One Equity Partners for $75 Million...

    8/19/09 - Joint Venture / Alliance - View Story

  • ArthroCare Names Andrew Miclot Senior Vice President, General

    7/01/09 - Mgmt. Change Entering - General Manager - View Story

News & Analysis

arthrocare corp. and finance - All News and Analysis

Decision Makers

Name (plus bio) Position
David F. Fitzgerald Interim Chief Executive Officer
Jack Giroux President, ArthroCare Sports Medicine
Sten I Dahlborg President, Intl
Brian T. Simmons Chief Accounting Officer & Vice President, Finance
Fernando Sanchez CFO, Senior Vice President, Finance & Assistant Secretary
Jean Woloszko Cto, Vice President & Chief Scientific Officer
Norman Sanders Vice President, Corp Dev & Chief Medical Officer
orman R. Sanders Vice President, Corp Dev & Chief Medical Officer
Richard Christensen Senior Vice President, Operations
Richard W. Rew General Counsel & Senior Vice President
Bruce Protho Vice President, Regulatory Affairs & Quality Assurance
BRUCE PROTHRO Vice President, General Manager, Coblation Technologies & Regulatory Affairs
Michael N. Moehring Vice President & General Manager, Spine Business
RON UNDERWOOD Vice President, Dev
ROSS BEAM Vice President, Sales
Paul O Davison Director of Research and Development
Merlene Robergeau Design Engineer
MICHAEL GLUCK
James G. Foster Director

Board of Directors

Name (plus bio) Position
Barbara D. Boyan Board of Directors
James C. Foster Board of Directors
Jerry P. Widman Board of Directors
Michael Baker Board of Directors
Peter Wilson Board of Directors
Terrence E. Geremski Board of Directors
Tord B. Lendau Board of Directors

David F. Fitzgerald became a Director of the Company in April 2003 and President and Chief Executive Officer in February 2009. Mr. Fitzgerald spent twenty-five years in management positions at Pfizer, Inc., serving as President and Chief Executive Officer of its Howmedica division during his last fifteen years with the company, prior to retiring in 1996. He also serves on the Board of Directors of Orthovita, Inc and on the Board of Advisors of Sandvik MedTech, a contract manufacturer in the medical devices area. He served on the Board of Directors of LifeCell Corporation from 2001 until the company was acquired by Kinetic Concepts, Inc. in 2008. He holds a B.S. from American International College and M.B.A. from New York University.

Organization Position Status
ArthroCare Corporation Interim Chief Executive Officer Current
Orthovita, Inc. Board of Directors Current
ArthroCare Corporation Board of Directors Current
Howmedica, Inc. Chief Executive Officer Former
Pfizer Inc. President and Chief Executive Officer Former
Howmedica, Inc. President Former
Pfizer Inc. Vice President Former
Orthovita, Inc. Director, HR Former
Pfizer Inc. Compensation Committee Member Former
New York University M.B.A. Former
American International College B.S. Former

Jack Giroux joined ArthroCare in 2002 and is responsible for managing the company's surgical business units. Most recently, he was executive vice president of commercial operations for Guava Technologies Inc. Prior to this position, Giroux held senior-level positions at ReSound Corp. As president of ReSound North America, he was responsible for increasing sales and profits of the company's Hearing Health Care business and managing the unit's marketing, sales, finance, manufacturing and quality functions. As vice president of sales and marketing, Giroux built ReSound's sales and marketing department, managed customer service and technical support, supervised professional training, and helped prepare the company for an initial public offering. Giroux also served as vice president of marketing for Allergan Optical, facilitating programs that significantly increased the sales and market share of its Contact Lens Solutions business. In addition, Giroux was vice president, management supervisor for Ogilvy & Mather Advertising, where he directed worldwide advertising activities for G.D. Searle's launch of the NutraSweet brand sweetener.

Organization Position Status
ArthroCare Corporation President, ArthroCare Sports Medicine Current
Guava Technologies, Inc. executive vice president of commercial operations Former
ArthroCare Corporation President, Arthrocare Sports Medicine & Senior Vice President, Surgical Business Unit Former

Sten I. Dahlborg joined our Company in May 1998 as Managing Director, ArthroCare Europe AB. In May 2003, Mr. Dahlborg was named Vice President and General Manager, ArthroCare Europe. Prior to joining the Company, Mr. Dahlborg was Business Director of Medtronic Synectics from 1996 to 1998. From 1994 to 1996 Mr. Dahlborg was President of Synectics Medical, Inc. and held various sales and marketing positions with Synectics from 1991 to 1994. Mr. Dahlborg holds a M.Sc. degree in Engineering Physics from Chalmers University of Technology, Gothenburg, Sweden.

Organization Position Status
ArthroCare Corporation President, Intl Current
Opus Medical, Inc. Vice President and General Manager Current
Synectics Medical Limited President Former
Chalmers University of Technology M.Sc. degree in Engineering Physics Former
Chalmers University of Technology Degree Former

Brian Simmons is a Certified Public Accountant and joined ArthroCare as Vice President, Finance in February 2007 where he manages the finance and information system functions for ArthroCare. Prior to joining ArthroCare, he served as controller for the Security business unit of General Electric Company beginning in 2003 where he was responsible for the accounting function and financial reporting to General Electric Corporate. He began his career in 1998 as an auditor with PricewaterhouseCoopers LLP, working on audit and attest engagements in a variety of industries. Mr. Simmons holds a bachelor of science in business administration from Trinity University and a master’s degree in accounting from Trinity University.

Organization Position Status
ArthroCare Corporation Chief Accounting Officer & Vice President, Finance Current

Organization Position Status
ArthroCare Corporation CFO, Senior Vice President, Finance & Assistant Secretary Current
ArthroCare Corporation Board of Directors Current
University of Michigan master's degree in business administration Former
University of Miami Bachelor of Science degree in mechanical and ocean engineering Former

Jean Woloszko joined ArthroCare in 1998 as medical director and was promoted to vice-president Research and Development in 1999 and to his current position in 2003. Prior to joining ArthroCare, he served in various medical, research and academic positions in Europe and in the US. He also was principal manager of research and medical affairs at Medtronic. He holds a doctorate in bioengineering from the University of Illinois, Chicago and received his medical degree from the Université de Montpellier (France). He also holds a certification in Biomechanics and in Rehabilitation Medicine.

Organization Position Status
ArthroCare Corporation Cto, Vice President & Chief Scientific Officer Current
Medtronic, Inc. Former

Organization Position Status
Opus Medical, Inc. Vice President, Corporate Development and Chief Medical Officer Current
ArthroCare Corporation Vice President, Corp Dev & Chief Medical Officer Current
Medtech Insight, LLC Vice President, Corporate Development and Chief Medical Officer, Arthrocare Corporation Current
Medtech Insight, LLC Board of Directors Current
ArthroCare Corporation Vice President, Corporate Development and Medical Director Former
Opus Medical, Inc. Medical Director Former
Medtech Insight, LLC Medical Director Former
University of California, San Francisco Assistant Clinical Professor Former
San Francisco General Hospital Assistant Clinical Professor Former
Applied Therapeutics, Inc. Former
The University of California, San Francisco doctor of medicine degree Former

Organization Position Status
ArthroCare Corporation Vice President, Corp Dev & Chief Medical Officer Current

Organization Position Status
Opus Medical, Inc. Senior Vice President, Operations Current
ArthroCare Corporation Senior Vice President, Operations Current
General Motors Corporation assistant controller Former
The General Assistant Controller Former
University of Chicago master's degree in business administration Former
University of Illinois bachelor of arts degree in economics Former

Richard Rew joined ArthroCare in 2006 as vice president of legal affairs. He joins ArthroCare from Activant Solutions Inc., a software and services company. Rew served as general counsel of Activant beginning in 2000 and was most recently vice president, general counsel & secretary. Prior to Activant, he served as general counsel for publicly traded EZCORP Inc. from 1996 to 2000. Rew is a member of the State Bar of Texas.

Organization Position Status
ArthroCare Corporation General Counsel & Senior Vice President Current
EZCORP, Inc. General Counsel Former

Organization Position Status
ArthroCare Corporation Vice President, Regulatory Affairs & Quality Assurance Current

Organization Position Status
Opus Medical, Inc. Vice President and General Manager, Coblation Technologies and Regulatory Affairs Current
ArthroCare Corporation Vice President, General Manager, Coblation Technologies & Regulatory Affairs Current
University of California, Berkeley B.S. Degree In Chemistry Former

Organization Position Status
ArthroCare Corporation Vice President & General Manager, Spine Business Current

Organization Position Status
Bickel Underwood Vice President Current
ArthroCare Corporation Vice President, Dev Current
Opus Medical, Inc. Director Current
Conceptus, Inc. Marketing Manager Former
California Polytechnic State University Bachelor of Science Degree In Biology Former

Ross Beam joined ArthroCare in January 2003 and is responsible for sales throughout North and South America. After joining ArthroCare as director of sales, he was appointed vice president, sales in November 2004. Prior to joining ArthroCare, Mr. Beam held a variety of sales management and marketing positions in over 15 years of medical device experience with Axya Medical, Innovasive Devices, Smith & Nephew and Acufex Microsurgical. Mr. Beam holds a bachelor of science degree from the University of Cincinnati.

Organization Position Status
ArthroCare Corporation Vice President, Sales Current
Opus Medical, Inc. Director of Sales Former
ArthroCare Corporation Director of Sales Former
Smith & Nephew plc Former

Mr. Davison has more than fifteen years experience in the medical device industry, most recently as the Director of Research and Development for ArthroCare Corporation. Prior to ArthroCare, Mr. Davison held several engineering and product development positions at Medtronic, Inc. and Baxter International, Inc.

Organization Position Status
Peak Surgical, Inc. Vice President of Research and Development Current
ArthroCare Corporation Director of Research and Development Current

Merlene is a mechanical design engineer with over 10 years experience designing medical systems at GE, Phillips, and Arthrocare. She also has significant experience designing power systems. She holds an MS in Mechanical Engineering from Stanford University, and a BS in Mechanical Engineering from Boston University.

Organization Position Status
ArthroCare Corporation Design Engineer Current
Dir Biyabir Treasurer Current
Stanford University MS In Mechanical Engineering Former
Boston University BS In Mechanical Engineering Former

Organization Position Status
ArthroCare Corporation Current
Indiana University master's degree in business administration Former
Miami University bachelor of science in business administration Former

Organization Position Status
Osteobiologics, Inc. Founder Current
Biomedical Development Corporation Founder Current
Opus Medical, Inc. Director of the Company Current
Bone Engineering Current
University of Texas Health Science Center at San Antonio Current
Mse 2000 Board of Directors Current
ArthroCare Corporation Board of Directors Current
Opus Medical, Inc. Board of Directors Current
Orthologic Corporation Former
Exactech, Inc. Former
Rice University Ph.D. in biology Former
Rice University M.A. Former
Rice University B.A. Former

James C. Foster is Chairman of the Board, President and Chief Executive Officer of Charles River Laboratories, a provider of essential products and services that help accelerate the drug development process. Since beginning his career at Charles River in 1976, Mr. Foster has held a variety of positions including: Vice President of Administration and General Counsel, President of Charles River Biotechnical Services, and Executive Vice President, Charles River. Mr. Foster was named President in 1991, Chief Executive Officer in 1992, and Chairman in 2000. Under Mr. Foster’s leadership, through both acquisition and organic growth, Charles River expanded its position as a leading provider of research models and services. Today, the Company offers a unique portfolio of products and services required to take a novel drug therapy from discovery through proof of concept. Mr. Foster’s focus on execution and exceeding client expectations was the driving force behind the Company’s largest expansion in history, developing approximately one million square feet of new real estate from 2007-2009. This strategic initiative enhanced the Company’s global footprint by providing state-of-the-art facilities conveniently located to clients world wide, including a new site in China. Mr. Foster was named one of the New England region’s 2007 Entrepreneurs of the Year by Ernst & Young LLP. He holds the position of Chairman of the Advisory Board for the Entrepreneurial Leadership Program at Tufts University, and is a member of the Visiting Committee, and the North American Executive Board of Massachusetts Institute of Technology (MIT) Sloan School of Management. Mr. Foster serves as a member of the Board of Trustees of DeCordova Museum and Sculpture Park and of the Institute of Contemporary Art, Boston. He is also a member of the Visiting Committee for Contemporary Art at the Museum of Fine Arts, Boston. He has been a guest lecturer at MIT, Brandeis University, Northeastern University, Tufts University, and The Olin School of Business at Washington University. Mr. Foster holds a B.A. degree in Psychology from Lake Forest College, an M.S. degree from MIT and a J.D. degree from Boston University School of Law. He is a member of both the Massachusetts and American Bar Associations.

Organization Position Status
Charles River Laboratories, Inc. Chairman, President & Chief Executive Officer Current
LifeCell Corporation Director Current
ArthroCare Corporation Board of Directors Current
Medtronic, Inc. Vice President of Cardiac Surgery Sales & Strategic Planning Former
Medtronic, Inc. General Manager Former
MIT Sloan School of Management Master's Degree In Management Former
ArthroCare Corporation Director Former
Boston University J.D. Former
Massachusetts Institute of Technology M.S. degree Former
Lake Forest College B.A. degree in psychology Former
St. Joseph's University B.S. Former

James G. Foster became a director of the Company in August 2002. From December 1994 until he retired in June 2001, Mr. Foster was Vice President and General Manager of Medtronic Heart Valves, a division of Medtronic, Inc., a medical device company. From February 1984 to December 1994, Mr. Foster held various positions at Medtronic including Vice President of Cardiac Surgery Sales & Strategic Planning in 1994, Vice President and General Manager of Medtronic Neurological Implantables from 1992 to 1994, Vice President and General Manager of Medtronic Interventional Vascular from 1990 to 1992 and Vice President and General Manager of Medtronic Blood Systems from 1983 to 1989. Since March 1995, Mr. Foster has also been a director of LifeCell Corporation, a company engaged in the development and commercialization of biological products to repair and replace damaged human tissue. Since July 2003, Mr. Foster has been a directors of Neothermia Corp., a company engaged in the development and marketing of a unique, state-of-the-art breast biopsy technology and products. Mr. Foster also serves on the boards of the International Heart Institute of Montana Foundation and Life Coaches. He holds a master's degree in management from the Sloan School at MIT and a B.S. from St. Joseph's University in Philadelphia.

Organization Position Status
ArthroCare Corporation Director Current
MIT Sloan School of Management Master's Degree In Management Former
LifeCell Corporation Chairman Former
MIT Sloan School of Management M.S. Degree In Management Former
St. Joseph's University Undergraduate Degree In English Former

Organization Position Status
ArthroCare Corporation Board of Directors Current
United Surgical Partners International, Inc. Board of Directors Current
Cutera, Inc. Board of Directors Current
Bodymedia, Inc. Board of Directors Current
The TriZetto Group, Inc. Board of Directors Current
Uvacide Corp. Director Current
The Audit Group, Inc. Board of Directors Current
Boston Scientific Corporation Corporate Vice President of Business Development Former
Ernst & Young management consultant Former
Cleveland State University J.D. Former
University of Denver M.B.A. Former
Case Western Reserve University B.B.A Former

Michael Baker joined ArthroCare in July 1997 as president and chief executive officer. Baker has led the company to successfully leverage its patented Coblation technology across many soft tissue surgical markets. He was previously vice president, general manager of the Coronary Vascular business unit at Medtronic, Inc., a leading medical technology company specializing in implantable and invasive therapies. During his eight-year tenure with Medtronic, Baker held a variety of positions including vice president of Medtronic's Venture Division and director of corporate development and strategic planning. Prior to joining Medtronic, he was a management consultant at the Carroll Group. Baker holds an undergraduate degree from the United States Military Academy at West Point and a master's degree in business administration from the University of Chicago.

Organization Position Status
ArthroCare Corporation Board of Directors Current
Medtronic, Inc. vice president of Medtronic Former
Medtronic, Inc. general manager Former
The Carroll Group Management Consultant Former
University of Chicago M.B.A. Former
United States Military Academy B.S. Former
Conceptus, Inc. Director Current

Peter L. Wilson was appointed to the Company's Board of Directors in December 2001 and was appointed as the lead independent director in November 2002. Mr. Wilson currently serves on the board of directors of ArthroCare Corporation. Mr. Wilson was President and Chief Executive Officer of Patient Education Systems from 1995 to 1998. Between 1992 and 1994, Mr. Wilson was an independent consultant in healthcare business development and marketing. From 1972 to 1992, Mr. Wilson worked for Proctor & Gamble / Richardson Vicks, where he held various positions as President of Richardson Vicks, Vice President/General Manager of Proctor & Gamble Vicks Healthcare, President/General Manager of the Vidal Sassoon Division and President/General Manager of the Personal Care Division. Mr. Wilson holds a B.A. from Princeton University and a M.B.A. in Marketing from Columbia University.

Organization Position Status
Conceptus, Inc. Director, Lead & Chair of Nominating and Governance Committee Current
Conceptus, Inc. Board of Directors Current
ArthroCare Corporation Board of Directors Current
Richardson-Vicks, Inc. President Former
Marketing Corporation of America President Former
Marketing Corporation of America COO of Patient Education Services Former
Marketing Corporation of America partner Former
Procter & Gamble Former
Microban International, Ltd. Former
A. M. Pappas & Associates Former
Columbia University M.B.A. In Marketing Former
Princeton University B.A. Former

Terrence Geremski became a director of the Company in December 2006. From 2001 to 2006, Mr. Geremski was senior vice president of Finance and chief financial officer of Carpenter Technology Corporation, an international manufacturer and distributor of specialty metals and engineered products. From 1992 to 2000, Mr. Geremski served as executive vice president and chief financial officer as well as a Board member of Guilford Mills, Inc., a North Carolina-based international textile company. He also served as vice president and controller and various other management positions for Varity Corporation from 1979-1991. Mr. Geremski has also been an auditor and tax manager with Price Waterhouse in Chicago and Toledo, OH and he is a current member of the AICPA and the Financial Executives Institute.

Organization Position Status
ArthroCare Corporation Board of Directors Current

Tord B. Lendau became a director of the Company in June 2001. Mr. Lendau is the General Manager of Sandvik MedTec AB, a Contract Manufacturer within medical devices. From 1998 to 2001, Mr. Lendau was President of Noster Systems AB, a medical device company developing a system to detect the bacteria that causes stomach ulcers. From 1997 to 1998, he acted as president of ArthroCare Europe AB, overseeing the start-up of its international operations. Mr. Lendau was vice president and general manager of Medtronic/Synectics from 1996 to 1997 after the acquisition of Synectics Medical AB by Medtronic, Inc. Prior to this acquisition, from 1991 to 1996, Mr. Lendau was the CEO of Synectics Medical AB, a Swedish public company. Mr. Lendau studied in M.Sc. at Link�ping University.

Organization Position Status
ArthroCare Corporation Board of Directors Current
Artimplant AB CEO Former
Artimplant Chief Executive Officer Former

Executive News

  • China's drug contractors on a fast-growth track

    Forbes.com - 9/03/09 - View Story

  • 3. ArthroCare Announces Agreement with One Equity Partners for $75 Million...

    AllBusiness Champions of Small Business - 8/19/09 - View Story

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     ARTC $22.45 -1.00 (-4.26% )
Average Volume 102,743
Shares Outstanding 26.63M
Market Cap 597.8M
Year High 23.9
Year Low 2.89
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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