BNET Industries

Market Cap:$144.6M
Last Fiscal Year Sales:$49.8M
  • Public
  • US
Dow Jones Description

Synovis Life Technologies, Inc. (NASDAQ: SYNO), formerly Bio-Vascular, Inc., is a diversified medical device company engaged in developing, designing, manufacturing and bringing to market medical devices for the surgical and interventional treatment of disease. Synovis Life Technologies' (Synovis LT) surgical device businesses include Synovis Surgical Innovations (Synovis SI) and Synovis Micro Companies Alliance (Synovis MCA). Synovis SI provides implantable, biomaterial devices designed to reduce risks of critical surgeries leading to better patient outcomes and lowering cost. This group also develops, manufactures and markets surgical tools to facilitate these surgeries. Synovis MCA provides devices and products used across several surgical specialties in the niche microsurgery market.

President, Chief Executive Officer and Director
Richard Kramp
Number of Employees 235
Contact Information

2575 University Ave W

Saint Paul, Minnesota 55114-1073

synovislife.com

(651) 603-3700

NAICS Code Surgical Appliance and Supplies Manufacturing: 339113

Recent Events

  • Synovis Life Technologies Appoints Patrick Horan As VP Of Sales For Surgical Group - Quick...

    11/24/09 - Mgmt. Change Entering - Vice President - View Story

  • Synovis Life SYNO Hires Patrick Horan as VP of Sales for the Surgical Group

    11/24/09 - Mgmt. Change Entering - Vice President - View Story

  • Synovis Life Releases Results for 3Q Fiscal 2009

    9/14/09 - Financial Announcement - View Story

  • Synovis Life Technologies Acquires Pegasus Biologics Assets

    7/23/09 - Merger / Acquisition - View Story

  • Synovis Life Technologies Buys Pegasus Biologics For $12 Million

    7/22/09 - Licensing / Contract - View Story

  • Synovis' repositioning pays off: The med-tech firm has repositioned itself as a high-margin biomaterials company....

    6/06/09 - Bond / Stock Rating - View Story

News & Analysis

synovis life technologies inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard Kramp President, Chief Executive Officer and Director
Brett A. Reynolds Vice President of Finance, Cfo and Corporate Secretary
David Buche Vice President and Coo
B Nicholas Oray Vice President of Research and Development
Mary L Frick Vice President of Regulatory Affairs, Quality Assurance and Clinical Affairs
Timothy F Floeder Vice President of Corporate Development
Sven A. Wehrwein Director
William G. Kobi Director

Board of Directors

Name (plus bio) Position
Timothy M. Scanlan Chairman of the Board and Director
John D. Seaberg Board of Directors
Mark F. Palma Board of Directors
Michael K. Campbell Board of Directors
Richard W. Perkins Board of Directors

Organization Position Status
Synovis Life Technologies, Inc. President, Chief Executive Officer and Director Current
Synovis Surgical Innovations President and CEO Current
Synovis Life Technologies, Inc. Board of Directors Current
Synovis Surgical Innovations Board of Directors Current
Medicalcv, Inc. President Former
Synovis Life Technologies, Inc. COO, Synovis Interventional Solutions Former
Medicalcv, Inc. Chief Operating Officer Former
Vasamed, Inc. Board of Directors Former
Enpath Medical, Inc. Board of Directors Former

Mr. Reynolds has served as Chief Financial Officer, Vice President of Finance and Corporate Secretary since April 2005. Prior to April 2005, Mr. Reynolds served as Director of Finance from September 2003. From October 2001 to September 2003, Mr. Reynolds served in several financial positions at Chiquita Processed Foods, LLC, a division of Chiquita Brands International, ultimately serving as Corporate Controller. From 1991 to 2001, Mr. Reynolds held a series of audit, accounting and consulting positions with Deloitte and Touche LLP and Arthur Andersen LLP.

Organization Position Status
Synovis Life Technologies, Inc. Vice President of Finance, Cfo and Corporate Secretary Current
Synovis Life Technologies, Inc. Board of Directors Current

Organization Position Status
Synovis Life Technologies, Inc. Vice President and Coo Current
Synovis Surgical Innovations Chief Operating Officer Current
Synovis Surgical Innovations Vice President Current
Synovis Life Technologies, Inc. Board of Directors Current

Organization Position Status
Synovis Caribe, Inc. Vice President of Research and Development Current
Synovis Interventional Solutions, Inc. Vice President of Research and Development Current
Synovis Life Technologies, Inc. Vice President of Research and Development Current
Synovis Life Technologies, Inc. Board of Directors Current
Synovis Surgical Innovations Vice President of Research and Development Former

Ms. Frick has served as Vice President of Regulatory/Clinical/Quality Affairs of the Company since November 2003. She has previously served in several positions within the surgical business, including Vice President of Regulatory/Clinical/Quality Affairs since November 2000, Director of Regulatory/Clinical/Quality Affairs since November 1998 and as Group Manager of Regulatory/Clinical/Quality Affairs from June to November of 1998. From 1984 to June 1998, Ms. Frick held a series of management positions in Research, Operations and Regulatory/Clinical Affairs at INCSTAR Corporation, a diagnostic medical device manufacturer. From 1979 to 1984, Ms. Frick worked in research at the University of Minnesota-Medical School.

Organization Position Status
Synovis Caribe, Inc. Vice President of Regulatory Affairs, Quality Assurance and Clinical Affairs Current
Synovis Surgical Innovations Vice President of Regulatory Affairs, Quality Assurance and Clinical Affairs Current
Synovis Life Technologies, Inc. Vice President of Regulatory Affairs, Quality Assurance and Clinical Affairs Current
Synovis Life Technologies, Inc. Board of Directors Current
University of Minnesota Medical School Former

Organization Position Status
Synovis Life Technologies, Inc. Vice President of Corporate Development Current
Synovis Surgical Innovations Vice President of Corporate Development Current
Compex Sa Interim CEO Former
Parsons Electric LLC Chief Financial Officer Former
Compex Sa Managing Director Former

Organization Position Status
Synovis Life Technologies, Inc. Chairman of the Board and Director Current
Synovis Life Technologies, Inc. Board of Directors Current

Mr. Seaberg has more than 30 years of experience in the medical technology field. Currently, he serves as chairman and CEO of NeoChord Inc., an early-stage company developing cardiac surgery technology for minimally invasive mitral valve repair. He previously held positions with Guidant (now part of Boston Scientific Corporation), including sales and marketing executive management positions in its cardiac surgery, peripheral interventional and cardiac rhythm management business units. Prior to joining Guidant, Seaberg was the founder and first CEO of ACIST Medical Inc. He was also the founder and sole owner of Seaberg Medical Inc., a distributor of cardiovascular implantable products. Seaberg serves on the board of Cardia Access Inc. and the Minneapolis Heart Institute Foundation. He received bachelor's and MBA degrees from the University of Minnesota.

Organization Position Status
Synovis Surgical Innovations Board of Directors Current
Cardia Access Inc. Board of Directors Current
Synovis Life Technologies, Inc. Board of Directors Current
Minneapolis Heart Institute Foundation, Inc Board of Directors Current
Acist Medical Systems, Inc. Founder and CEO Former
Guidant Former
University of Minnesota MBA Degrees Former
University of Minnesota Bachelor's Former

Mr. Palma has served on the Board of the Company since 2004. He is a partner at Hinshaw & Cullberston LLP, a Chicago-based law firm, where he specializes in corporate and business law. He has extensive business and taxation experience, and is a certified public accountant. He received his law degree from William Mitchell College of Law, and a master’s in business administration from Minnesota State University. Mr. Palma serves on the Board of Directors of Allen Interactions, Inc., Tri-State Drilling, Inc. and Aloe Up International, LLC., each of which are privately held companies. He is a former chair of the Hennepin County, Minnesota Bar Association Tax Section.

Organization Position Status
Synovis Life Technologies, Inc. Board of Directors Current
Allen Interactions, Inc. Board of Directors Current
Synovis Surgical Innovations Board of Directors Current
Hennepin County Chair Former
Minnesota State University Master's In Business Administration Former

Organization Position Status
Synovis Micro Companies Alliance, Inc. President Former
Synovis Surgical Innovations Board of Directors Current
Synovis Life Technologies, Inc. President of Mca Former
Future Tech Former

Array

Organization Position Status
Spell Capital Partners LLC General Partner Current
Vital Images, Inc. Director of the Company Current
World Adhesions Foundation, Inc Current
PW Eagle, Inc. Chair Current
Nortech Systems Incorporated Chair Current
Two Way TV US, Inc. Board of Directors Current
Perkins Capital Management, Inc. Director Current
The American Experiment Board of Directors Current
Synovis Life Technologies, Inc. Board of Directors Current
China Nuvo Solar Energy, Inc. Director Current
CNS, Inc. Board of Directors Current
Teledigital, Inc. Board of Directors Current
Synovis Surgical Innovations Board of Directors Current
Vital Images, Inc. Board of Directors Current
Perkins Capital Management, Inc. Owner Former
First Federal Savings & Loan Association Research Director Former
Perkins Capital Management, Inc. Portfolio Manager Former
Standard Oil Pension Fund Manager Former
Gen Mills, Inc. Former
General Mills, Inc. Former
GlaxoSmithKline Plc Committee Chair for Audit Committee Former
University of Wisconsin Master's Degrees In Business Administration Former
University of Wisconsin Bachelor's Former
Colby College Former

Sven A. Wehrwein has been a director of our company since August 2006. He has over 25 years of experience in corporate finance and investment banking, including serving as Chief Financial Officer of InStent Inc. and Digi International. Since 1999, he has provided financial-consulting services to emerging growth companies. Mr. Wehrwein also serves on the Board of Directors of Vital Images, Inc., Synovis Life Technologies, Inc., Image Sensing Systems, Inc. and Van Wagoner Funds, Inc. He holds a Masters of Management degree in Finance from the Sloan School at the Massachusetts Institute of Technology and is a Certified Public Accountant.

Organization Position Status
Digi International Inc. Chief Financial Officer Current
Vital Images, Inc. Director of the Company Current
Image Sensing Systems, Inc. Chair Current
Synovis Surgical Innovations Board of Directors Current
Synovis Caribe, Inc. Board of Directors Current
Corporate Governance Board of Directors Current
Synovis Life Technologies, Inc. Director Current
Synovis Interventional Solutions, Inc. Board of Directors Current
Image Sensing Systems, Inc. Director Current
Vital Images, Inc. Board of Directors Current
Uroplasty, Inc. Director Current
Van Wagoner Funds, Inc. Board of Directors Current
Vital Images, Inc. Financial Consultant Former
MIT Sloan School of Management Master's Former

William Kobi, President and Chief Executive Officer : After attending perfusion school at Baylor University in Houston Texas, Mr.Kobi spent eight years working at the Mayo Clinic and the University of Colorado Medical School as a clinical perfusionist. Mr. Kobi began his business career at Baxter Travenol Laboratories in Chicago, Illinois. He has been involved in the medical device industry for over thirty years, making contributions to the success of some of the industry's leading companies. From 1976 to 1989, Mr. Kobi worked at SciMed Life Systems in Minneapolis, Minnesota, a pioneer in the area of membrane oxygenators and a world leader in the field of angioplasty catheters. During his years at SciMed, Mr. Kobi led the sales efforts in the positions of Director of Sales, Director of Marketing, Director of International, Vice President of International, and, most recently as Vice President of Worldwide Sales for its cardiovascular division. SciMed was sold to Boston Scientific in 1992. Mr. Kobi is on the Board of Directors of Synovis Life Technologies, a publicly held medical device manufacturer located in St. Paul, Minnesota. Mr. Kobi left his own non-medical business in Northern Minnesota to found AHS.

Organization Position Status
Acumen Healthcare, LLC President and Chief Executive Officer Current
Synovis Surgical Innovations Board of Directors Current
Synovis Life Technologies, Inc. Director Current
Log Home Supply Owner Former

Executive News

  • Synovis' repositioning pays off: The med-tech firm has repositioned itself as a high-margin biomaterials company. And investors have noticed.

    TradingMarkets - 6/06/09 - View Story

  • Synovis Life Technologies Posts Earnings Increase for Fiscal 2Q

    TradingMarkets - 6/03/09 - View Story

  • Synovis Life Technologies Reports 19 Percent Revenue Growth and

    Business Wire via MSN Money - 5/27/09 - View Story

  • Synovis Life Technologies Reports 19 Percent Revenue Growth and 60 Percent Earnings Increase for Fiscal 2009 Second Quarter

    Business Wire - 5/27/09 - View Story

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     SYNO $12.50 +0.01 (0.08% )
Average Volume 108,538
Shares Outstanding 11.57M
Market Cap 144.6M
Year High 21.71
Year Low 11.16
Earnings Per Share 0.05
P/E Ratio 250.00
Dividend N/A
Yield N/A