U.S. Markets closed
  • S&P 500

    4,232.60
    +30.98 (+0.74%)
     
  • Dow 30

    34,777.76
    +229.23 (+0.66%)
     
  • Nasdaq

    13,752.24
    +119.39 (+0.88%)
     
  • Russell 2000

    2,271.63
    +30.21 (+1.35%)
     
  • Crude Oil

    64.82
    +0.11 (+0.17%)
     
  • Gold

    1,832.00
    +16.30 (+0.90%)
     
  • Silver

    27.57
    +0.10 (+0.38%)
     
  • EUR/USD

    1.2167
    +0.0098 (+0.8152%)
     
  • 10-Yr Bond

    1.5770
    +0.0160 (+1.02%)
     
  • Vix

    16.69
    -1.70 (-9.24%)
     
  • GBP/USD

    1.3990
    +0.0098 (+0.7037%)
     
  • USD/JPY

    108.5400
    -0.5450 (-0.4996%)
     
  • BTC-USD

    57,379.81
    -1,648.43 (-2.79%)
     
  • CMC Crypto 200

    1,480.07
    +44.28 (+3.08%)
     
  • FTSE 100

    7,129.71
    +53.54 (+0.76%)
     
  • Nikkei 225

    29,357.82
    +26.45 (+0.09%)
     

Ventec Life Systems Appoints Jim Alwan as President and Chief Executive Officer

·2 min read

Veteran Medical Device Executive Will Continue Company Growth and Innovation

Ventec Life Systems today announced that its Board of Directors has appointed Jim Alwan as President and Chief Executive Officer, effective March 15, 2021. Alwan will also serve as a member of the Ventec Board of Directors.

Alwan brings to Ventec Life Systems extensive medical device leadership experience with more than 25 years developing and managing healthcare products. Most recently Alwan served as the Senior Vice President and General Manager of the Hospital Respiratory Care Business at Philips Healthcare and as the Vice President, Innovation and Business Development at Becton Dickinson. He has delivered innovation and profitable growth in functional and operational roles in the medtech, telecommunications, and semiconductor sectors throughout startup, mid-cap, and large-cap global corporations.

"Jim brings a track record of industry accomplishment and effective leadership to Ventec," said Ventec Life Systems Board of Directors Chairman Jim Hickey. "He has a unique blend of market knowledge, general management, and engineering skills. We are pleased that Jim has joined Ventec and look forward to significant company growth under his guidance."

"I am delighted to join Ventec Life Systems to expand upon the unprecedented growth and remarkable progress of this team," said Alwan. "By re-imagining respiratory therapy delivery in a uniquely integrated and connected solution, they have unlocked value that is now reshaping the respiratory care market and improving the lives of patients and caregivers."

In 2020, Ventec increased manufacturing production 80x to lead the response to the critical care ventilator demand from the U.S. Federal Government, state governments, hospital systems, long term care facilities, and homecare (DME) companies. Ventec is building upon the award-winning innovation of the one-of-a-kind VOCSN Multi-Function Ventilator with revenue allocated for continued enhancements and the release of VOCSN Multi-View™ cellular, the first and only system to provide complete patient trending and monitoring for ventilator-dependent patients across multiple respiratory therapies.

Jim Alwan holds BS, MS, and PhD degrees in Electrical Engineering from the University of Illinois in Champaign-Urbana.

About Ventec Life Systems and VOCSN

Ventec Life Systems is redefining respiratory care to improve patient outcomes and reduce caregiver challenges from the hospital to home. Ventec's leading product, VOCSN, is the first and only Multi-Function Ventilator that seamlessly integrates five devices – a critical care Ventilator, 6 L/min equivalent Oxygen concentrator, touch button Cough assist, hospital grade Suction, and a high-performance Nebulizer – into one integrated respiratory system that is lightweight and mobile. VOCSN is fully customizable to meet patient needs for pediatric and adult patients. Learn more at VentecLife.com and connect with Ventec on Facebook, LinkedIn, YouTube, Twitter, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005588/en/

Contacts

Chris Brooks
media@venteclife.com