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CONMED history
CONMED company history timeline
An aspiring entrepreneur, he started a few businesses before assembling a group of investors to acquire Mohawk Hospital Supply, a Utica medical equipment supplier, in 1970.
Manufacturing of the product began in 1973, which Conmed considers the year that it was founded.
Conmed’s first significant acquisition came in August 1989 with the $5 million purchase of Aspen Laboratories, Inc., a unit of a Bristol-Myers Co.’s subsidiary, Zimmer Inc., which manufactured electrosurgical generators.
Sales increased to $38.5 million in 1991 and net earnings to $8.5 million.
Revenues improved to $125.6 million in 1996 and net income grew to $16.3 million.
The 3M assets played a significant role in Conmed’s 1999 performance.
The company enjoyed a better year in 2001, when sales increased 8.3 percent to $428.7 million and earnings rebounded to $24.4 million.
In December 2002 it bought a pair of privately held companies: Portland, Oregon-based ValMed Corporation and Quebec, Canada-based NorTrex Medical Ltd.
The powered surgical instruments business was essentially flat but early in 2002 the company looked to improve that performance by launching a new line of battery-powered systems to replace an outdated line.
The company enjoyed strong growth on every front, and hoped to build on that momentum in 2005.
"CONMED Corporation ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/conmed-corporation
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CONMED competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Medtronic | 1949 | $17.0B | 104,950 | 1,629 |
| Buffalo Filter | 1991 | $20.9M | 125 | - |
| SurgiQuest | 2006 | $11.7M | 25 | - |
| Stryker | 1941 | $22.6B | 43,000 | 1,748 |
| Wright & Filippis | 1944 | $31.0M | 290 | - |
| Arthrex | 1981 | $2.6B | 1,200 | 278 |
| Allergan Medical | 1974 | $1.6B | 3,000 | - |
| Sartorius | 1870 | $90.6M | 50 | 38 |
| Medical Components | 1978 | $18.1M | 50 | - |
| Wright Medical Technology | - | $920.9M | 1,180 | - |
CONMED history FAQs
Zippia gives an in-depth look into the details of CONMED, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CONMED. The employee data is based on information from people who have self-reported their past or current employments at CONMED. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CONMED. The data presented on this page does not represent the view of CONMED and its employees or that of Zippia.
CONMED may also be known as or be related to CONMED, CONMED CORP, CONMED Corporation, ConMed Corporation and Conmed Corporation.