Medtronic CEO visits Israel

December 4, 2018 M&A, Medical Devices, Medtronic, Robotics

Omar Ishrak heads a delegation of senior executives who will become acquainted with Medtronics recent acquisitions – Mazor Robotics, Nutrino and Visionsense.

Medtronic chairperson and CEO Omar Ishrak today arrived in Israel for a visit at the head of a delegation of Medtronic executives, including EVP and restorative therapy groups president Geoffrey Martha, responsible for the acquisition of Israeli company Mazor Robotics for $1.64 billion.

Medtronic is the world’s largest medical devices company, with $30 billion in annual revenue. Ishrak, who has headed the company since 2011, is a charismatic and an unusual CEO who stands out even among the CEOs of very large companies. The company’s results during his term at the helm have been excellent.

Ishrak’s current visit is aimed at celebrating and getting more thoroughly acquainted with Medtronic’s recent acquisitions, especially the huge (by Israeli standards) acquisition of Mazor; Nutrino, acquired for nearly $100 million; and Visionsense, acquired at a company value of $75 million.

By Globes (Israel)

Image Credit: Medtronic

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About Peter Coffaro 629 Articles

A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.