A Medical Device Daily

Medwave (Danvers, Massachusetts) reported that Timothy O'Malley has resigned his positions as CEO/president and company director. The company said that Frank Katarow, another director, will serve as interim CEO.

William Corneliuson, Medwave chairman, expressed the appreciation of the board for O'Malley's “many contributions” and said the company will launch an immediate search for his successor.

Katarow worked for 23 years at patient monitoring company BCI, including as president for his last 10 years there and was responsible for overseeing BCI's veterinary division, Surgivet, a manufacturer of anesthesia delivery systems, ventilation products and a series of vital signs monitors. Following his time at BCI, Katarow served as chief operating officer at HomeMed, a provider of home-use patient monitoring products. HomeMed was acquired by Honeywell in 2004.

Medwave manufactures sensor-based non-invasive blood pressure solutions used in hospitals, clinics, doctor's offices and almost anywhere blood pressure monitoring occurs. Medwave reports its technology installed in more than 500 hospitals and clinics worldwide.

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