Ximedica sees opportunity in emerging markets

'The focus on everything we're doing today is, No. 1, to be cost-effective.'

The biotechnology industry has grown markedly in the last few years, both locally and across the United States. In Rhode Island, medical-device manufacturer Ximedica has been a key driver of that growth. More

To continue reading this article, please do one of the following.



Focus: TECHNOLOGY

Ximedica sees opportunity in emerging markets

'The focus on everything we're doing today is, No. 1, to be cost-effective.'

BARKO
Posted 7/30/12

The biotechnology industry has grown markedly in the last few years, both locally and across the United States. In Rhode Island, medical-device manufacturer Ximedica has been a key driver of that growth.

Randall S. Barko, the new president and CEO of Providence-based Ximedica, discusses his new role, Ximedica’s expansion and the international state of the medical-device business.

PBN: You took over for former CEO Stephen Lane in early April. How have your first few months at Ximedica been?

BARKO: I was a member of the advisory board here for about three years, so I had a good appreciation for the business before the founders had me step in. It wasn’t a hard transition, just getting deeper into details and things like that.

PBN: What are your hopes for the future of the company, both short and long term?

BARKO: First of all, Ximedica is a very dynamic company. It’s a great organization with a lot of talented professionals – there are over 100 professionals here in Providence – and in the fall of last year we opened a new office in Minneapolis. That office is continuing to grow. We currently have a couple of engineers from Providence that have relocated for at least a year to help, you could say, “Ximedicize” the Minneapolis office.

We want that office to be another Ximedica, not just an office. … Future growth will be [focused on] establishing more activities in other parts of the U.S. and the world.

PBN: Do you have a timetable in mind?

BARKO: We are evaluating several opportunities as we speak. We have people – team leaders - physically located in proximity to offices near key customers besides just the Minnesota office. They’re physically close by the customer so they’re the forerunner of future offices. … No matter what business you’re in today it’s competitive and we want to deliver

Next Page
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News