CORPAK MedSystems Names Jeffrey Blair Chief Executive Officer
Medical device veteran to oversee international and domestic expansion plans for CORTRAKTM system designed to reduce medical errors in placement of ICU feeding tubes, improve clinical outcomes, and save healthcare dollars.
Buffalo Grove, Illinois, (August 23, 2011) – CORPAK MedSystems, Inc., a leading developer, manufacturer, and marketer of medical devices for the enteral feeding and bedside-technology markets, today announced the appointment of Jeffrey Blair to the position of chief executive officer.
Mr. Blair brings 40 years of healthcare management experience to CORPAK. He served most recently as the chairman and chief executive officer of North American Science Associates, Inc., a contract research organization that provides medical device testing and consulting services to a global client base of medical device manufacturers. Previously, Mr. Blair was senior vice president and chief operating officer of Graphic Controls, Corp., a developer and manufacturer of medical and industrial disposables. Mr. Blair began his healthcare career at American Hospital Supply and Baxter International where he helped build the hospital supply division into a $2 billion business. Mr. Blair received a bachelor’s degree in mathematics from Hanover College and a master’s degree in business administration with a concentration in finance and management from Indiana University.
“We are excited to welcome Jeff to the CORPAK team and are confident that he will have an immediate and meaningful impact, building on CORPAK’s excellent performance over the past three years,” commented Eric Larson and Brian Miller, managing partners of Linden LLC and members of CORPAK’s board of directors. “Jeff’s experience in the medical device industry and his track record of significant sales growth will be tremendous assets as CORPAK executes its plan to expand adoption of the CORTRAK technology for placement of enteral feeding tubes. Jeff will also focus on realizing CORPAK’s goals to expand its reach and product offerings through strategic acquisitions and partnerships.”
“I’m particularly excited to join CORPAK and continue its impressive rollout of the CORTRAK enteral-access system, which improves clinical outcomes and lowers costs in the intensive care unit – allowing hospitals to reduce medical errors and meet the health outcome and cost-saving goals of health reform,” commented Jeffrey Blair, incoming chief executive officer of CORPAK. “CORTRAK’s innovative computer-guided technology lets clinicians visualize the precise location of the enteral feeding-tube tip during placement for greater safety, speed, and accuracy. This helps reduce complications from placement misses and eliminates the repeated X-ray exposure that is often required by traditional ‘blind’ placement methods. It has been a tremendous success for patients and hospitals, and is a wonderful growth platform for the company.”
In addition to the substantial clinical benefits of reducing complications from ill-placed feeding-tubes and eliminating unnecessary exposure to X-rays, several independent studies have demonstrated significant cost savings from the implementation of the FDA-cleared CORTRAK enteral-access system. For example, the William Beaumont Hospital in Royal Oak, Michigan, reported saving $137,655 over 11 months when it began using the CORTRAK system during the feeding-tube placement procedure instead of using X-ray to confirm the location of the feeding-tube tip.
Tom Kuhn, who served as chief executive officer of CORPAK until Mr. Blair’s appointment, will continue to leverage his 25 years of medical device experience as the company’s president and chief operating officer. Mr. Kuhn will oversee CORPAK’s day-to-day operations and will also focus on business development.