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Novation CEO looks back on Medtronic split

Thu, 07/19/2012 - 1:15pm
Mass Device

In this excerpt from an exclusive MassDevice.com interview with Jody Hatcher, CEO of Novation, the leader of 1 of the largest group purchasing organizations looks back at its much-publicized break up with Medtronic last year.

Few people know what it's like to lose $2 billion worth of business in a single day, let alone survive that kind of blow and grow in spite of it.

But Novation CEO Jody Hatcher told MassDevice .com recently that he doesn't harbor any resentment over the February 2011 decision by Medtronic (NYSE:MDT) to spike 5 contracts with the GPO covering cardiovascular and orthopedic products.

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