STOCK TITAN

Cardiovascular Systems, Inc. Announces Sachin H. Jain, MD, MBA, Joins Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Cardiovascular Systems, Inc. (NASDAQ: CSII) has appointed Dr. Sachin H. Jain as an independent board member. With a background as President and CEO of SCAN Group and Health Plan, Dr. Jain brings extensive experience in healthcare delivery and policy. Notably, he has held leadership roles at CareMore, Merck, and the U.S. Department of Health and Human Services. His addition strengthens the board's capacity to tackle healthcare disparities and improve patient outcomes. Following this appointment, CSI's board now includes four independent directors added since July 2019, enhancing governance and strategic direction.

Positive
  • Dr. Jain's extensive leadership experience in healthcare may provide valuable insights to CSI.
  • The addition of four independent directors since July 2019 indicates a commitment to strong governance.
Negative
  • None.

Cardiovascular Systems, Inc. (CSI®) (NASDAQ: CSII), a medical device company developing and commercializing innovative interventional treatment systems for patients with peripheral and coronary artery disease, today announced the addition of independent board member Sachin H. Jain, MD, MBA.

Dr. Jain is currently President and Chief Executive Officer of SCAN Group and Health Plan, a mission-driven organization dedicated to the health and wellness of older adults. Prior to this role, he was President and Chief Executive Officer of CareMore and Aspire Health. Before CareMore, Dr. Jain was Chief Medical Information & Innovation Officer at Merck & Co. Prior to this role, Dr. Jain worked in leadership roles at the U.S. Department of Health and Human Services.

Dr. Jain is an adjunct professor of medicine at the Stanford University School of Medicine. In addition, Dr. Jain is a respected thought leader in health care delivery and has been recognized as a “Top 50 Most Influential Clinical Leader” and “100 Most Influential People in US Healthcare” by Modern Healthcare. He currently serves as a member of the board of directors for America’s Health Insurance Plans, Abode Hospice, and the Make-A-Wish Foundation. He also serves as an Aspen Institute Health Innovator’s Fellow.

Dr. Jain graduated from Harvard College with a BA in government and continued on to earn his MD from Harvard Medical School and MBA from Harvard Business School.

“We are pleased to welcome Dr. Sachin Jain as a new independent director to the CSI board,” said Scott Ward, Chairman, President and Chief Executive Officer. “Sachin’s innovation and leadership in clinical practice, health policy, healthcare delivery and digital health will expand our Board’s understanding of key opportunities to prevent amputations and address disparities in healthcare.”

CSI’s board routinely reviews its composition to ensure it includes the necessary skills, experience and perspective to direct its business objectives. With the addition of Dr. Jain, four independent directors have joined CSI’s board since July 2019. The CSI board is comprised of nine directors, eight of whom are independent.

About Cardiovascular Systems, Inc.

Cardiovascular Systems, Inc., based in St. Paul, Minn., is a medical device company focused on developing and commercializing innovative solutions for treating vascular and coronary disease. The company’s orbital atherectomy system treats calcified and fibrotic plaque in arterial vessels throughout the leg and heart and addresses many of the limitations associated with existing surgical, catheter and pharmacological treatment alternatives. For additional information, please visit www.csi360.com and connect on Twitter @csi360.

FAQ

Who is Dr. Sachin H. Jain and what is his role at CSII?

Dr. Sachin H. Jain is the newly appointed independent board member of Cardiovascular Systems, Inc. He is currently the President and CEO of SCAN Group and Health Plan, bringing significant healthcare experience.

What previous positions has Dr. Jain held before joining CSII?

Before joining CSII, Dr. Jain served as President and CEO of CareMore and Aspire Health, and was Chief Medical Information & Innovation Officer at Merck & Co.

How does Dr. Jain's appointment impact CSII's board?

Dr. Jain's appointment enhances the board's expertise in healthcare delivery and policy, aligning with CSII's mission to improve patient care and address healthcare disparities.

What is the current composition of CSII's board of directors?

CSI's board consists of nine directors, eight of whom are independent, reflecting a commitment to diverse and effective governance.

CSII

NASDAQ:CSII

CSII Rankings

CSII Latest News

CSII Stock Data

843.96M
40.69M
3.23%
89.65%
4.12%
Medical Devices
Healthcare
Link
United States
Saint Paul