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Ballard Medical Sales Ltd history
Ballard Medical Sales Ltd company history timeline
Dale Ballard was assisted by Domenick P. Treschitta, a Connecticut native who had joined Deseret Pharmaceutical as a salesman in 1968 and then left to help start Ballard Medical.
In 1983 Ballard Medical became a public company with stock traded on the NASDAQ exchange.
Based in Clearwater, Florida, and incorporated in 1989, Code Blue made, among other things, the Easi-Lav Gastric Lavage System, a patented system for cleaning out the stomachs of patients with drug overdoses or gastric bleeding.
In March 1990, Ballard settled out of court a dispute with Smiths Industries Medical Systems, Inc. concerning five Ballard patents and the fact that both firms sold closed-system suction catheters.
In 1990 the firm purchased twenty acres in Draper, Utah, a few miles south of the five buildings the company had occupied at its original site in Midvale.
In August 1992 the firm began using its own equipment to produce in-house some of its Foam Care formulas, thus reducing its reliance on outside manufacturers.
In February 1993, Ballard spent almost $12.5 million of its cash reserves for all the outstanding MIC stocks.
Ballard Medical on September 9, 1993 moved its stock from NASDAQ to the New York Stock Exchange.
In 1993 Dale H. Ballard, Jr., owner of a financial planning company called Stratco, joined the board of directors, and attorney Paul W. Hess became a board member and general counsel for the firm.
Harold R. Wolcott in 1993 was chosen as the company's general manager and the following year added the title of executive vice-president.
Net sales jumped to $81.8 million in 1995 and net income increased 38.2 percent to $20.4 million in 1995.
In February 1997, Ballard Medical signed a major contract with Premier, a Chicago-based purchasing alliance of 1,100 health care organizations and 250 owners of 700 hospitals and other medical facilities.
Since Dale Ballard had played a significant role in the biomedical industry for over forty years, and remained at the helm of Ballard Medical in 1997, effective new leaders were essential for the company's long-term achievement in a highly competitive and rapidly changing industry.
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Ballard Medical Sales Ltd may also be known as or be related to Ballard Medical Products and Ballard Medical Sales Ltd.