Industry: Medical Devices OEM Manufacturer
Function: Executive Management, Strategic Planning
Location: Domestic US
The new CEO of a technology-based medical device original equipment manufacturer wanted to revamp his management team and instill a new culture of innovation and performance.
Working with the management team, we helped to rationalize the initial complex mix of business lines and strengthen the portfolio of companies, and supported the disposition of non-core assets to the marketplace (taking a lead role in selling off several non-core ancillary businesses).
In the next phases, we worked with the senior teams of each business unit to identify and pursue opportunities for growth, through both internal investment and focused acquisitions. The client made several successful acquisitions; we worked with them to successfully integrate these, and to create a broader, deeper market presence for this firm in its core markets.
The work resulted in a dramatic increase in this client’s profitability, from less than 10% to more than 50% ROA, growth in business revenue from $200MM to more than $800MM, and an 800% increase in stock price.