Medindia
Medindia LOGIN REGISTER
Advertisement

Novis Pharmaceuticals Announces Hiring of Thomas E. Burke III as President and CEO

Thursday, November 15, 2007 General News
Advertisement
MIAMI, Nov. 14 Novis Pharmaceuticals, a leadingdistributor of biotherapeutic products to healthcare providers funded by MTSHealth Investors and Oaktree Capital Management, L.P., announced today theappointment of Thomas E. Burke III to the position of President and CEO.Tom brings over 30 years of distribution experience to Novis Pharmaceuticals,with extensive functional expertise in sales, sales management, operations andthe management and development of people.
Advertisement

As the Group Vice-President of Cardinal Health, Integrated ProviderSolutions, Tom had Northeast responsibility for five businesses:Distribution, Laboratory, Manufactured Products, Pyxis Supply and Presourcewhich generated $1.4 billion in revenue. He also held several executive levelpositions in other Cardinal Health companies, including serving as Presidentof the Southeast and the Northeast Regions of Cardinal Health, MedicalProducts and Services, each with revenue in excess of $1.3 billion andconsisting of seven distribution facilities. In addition, Tom was responsiblefor a two-facility region that represented $3.1 billion in pharmaceuticalsales for Cardinal Distribution/Aurora, Illinois Division when he held theposition of Regional Vice President.
Advertisement

Jay J. Levin, Executive Chairman of Novis Pharmaceuticals, said, "Novis iscommitted to providing industry-leading standards of quality and exceptionalservice to our customers. We were looking for an innovative and visionaryleader who not only had the depth of functional expertise to grow the businessand to develop our people, but also the personal integrity and character tobuild sustainable and mutually-rewarding relationships with our manufacturers,our supply chain partners, and our customers."

"I am honored to have worked my entire career in an industry that makes adifference in patients' lives," added Tom Burke. "In order for NovisPharmaceuticals to succeed, we know we must deliver flawlessly every time. Weknow that we can save a life every time one of our products is used. There isno room for error."

For more information about Novis Pharmaceuticals, please visitwww.novispharma.com.

About NOVIS Pharmaceuticals

Novis Pharmaceuticals is a leading national distributor of some of theworld's leading plasma-derived products such as albumin, immune globulin,hyperimmunes and anti-hemophilic Factors VII, VIII and IX. Hospitals, homeinfusion therapy companies and other healthcare providers use thesebiotherapeutics to treat trauma, autoimmune conditions, immune deficiencies,infectious diseases, bleeding disorders, and other life-threateningconditions.

About MTS

MTS Health Investors, LLC, located in New York, is a healthcare privateequity firm that makes equity investments in the buyout, recapitalization orgrowth financing of healthcare operating companies. MTS focuses on businessesthat operate in services sectors of the healthcare industry - managedcare/health insurance, providers of healthcare services, distributors ofmedical products and providers of outsourced services to the healthcareindustry. The firm also invests in manufacturers of low-technology medicalproducts. For further information, please visit: www.mtshealthinvestors.com.

About Oaktree Capital Management, L.P.

Oaktree Capital Management was founded in 1995 and is headquartered in LosAngeles, California. It is an independent investment management firm withover $52 billion of assets under management in specialized investmentstrategies. These strategies include private equity, distressed debt, highyield bonds, convertible securities, Asian and emerging market equities, realestate, and mezzanine debt. Oaktree's institutional clients include Fortune100 companies, large public pension funds, university endowments, privatefoundations and high net worth individuals. In addition to Los Angeles,Oaktree has offices in
Sponsored Post and Backlink Submission


Latest Press Release on General News

This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close