Healthcare Industry News: Cook
News Release - September 17, 2007
Cook Urological Announces Major Expansion in SpencerNew Construction Will Facilitate Production Growth for Five Years
SPENCER, Ind.--(HSMN NewsFeed)--Buoyed by the rapid worldwide success of its Women's Health division and rising demand for products from its Urology division, Cook Urological, a Cook Medical company, will embark next year on an ambitious two-year expansion plan, company officials said today. The construction, which will double the existing manufacturing space, will begin in mid-2008 and should provide sufficient additional manufacturing capacity to meet anticipated sales growth for the next five years.
"This is good news for Cook Urological, it's good news for the town of Spencer, but most of all it's good news for the patients around the world who will benefit from the world-class medical devices produced here," said Pete Yonkman, president of Cook Urological. "Cook Urological, since its inception, has been a world leader in innovations in treating urological and OB/GYN patients. Our expanded facility will allow us to bring the benefits of Cook's current and emerging medical technologies to more patients in more areas of the world than ever before."
The expansion plan, which is still under review, will add approximately 50,000 square feet to the facility's current footprint of 104,000 square feet. When completed, the remodeled plant will devote the majority of its space to manufacturing operations; some Cook Urological employees in marketing, administrative and other non-manufacturing positions will move to Cook Medical's global headquarters on Bloomington's westside to provide additional production space in Spencer.
"Cook Urological's rapid growth is just one example of the success Cook Medical is having on a worldwide basis," added Kem Hawkins, president of Cook Medical. "With more than 7,000 global employees dedicated to improving the quality of patient care in more than 40 key medical specialties, Cook Medical is continuing its tradition of developing breakthrough technologies that reshape the way medicine is practiced. We deeply appreciate the hard work and dedication of our employees, and the support of the communities in which we operate, without which, this success could not happen."
About Cook Medical
Cook Medical was the first company to introduce interventional devices in the United States. Today, the company integrates device design, biopharma, gene and cell therapy and biotech to enhance patient safety and improve clinical outcomes in the fields of aortic intervention; cardiology; critical care medicine; gastroenterology; radiology, peripheral vascular, bone access and oncology; surgery and soft tissue repair; urology; and assisted reproductive technology, gynecology and high-risk obstetrics. Cook won the prestigious Medical Device Manufacturer of the Year Award for 2006 from Medical Device & Diagnostic Industry magazine. For more information, visit www.Cookmedical.com.
Source: Cook Medical
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