MINNEAPOLIS, June 22, 2016 /PRNewswire/ -- Cogentix Medical, Inc. (NASDAQ: CGNT), a global medical device company with innovative and proprietary products serving urology and airway management markets, today announced that Kenneth A. Samet has been appointed as a new independent director to the Company's Board of Directors effective June 21, 2016. This additional Director brings the total number of Board members to five. Mr. Samet has also been appointed as Chair of the Audit Committee and as a member of the Nominating and Governance Committee. The Company's Audit Committee is now comprised of three independent Directors, and as such, the Company is in
compliance with the Nasdaq rules regarding audit committee composition.
Mr. Samet currently serves as President and Chief Executive Officer of MedStar Health, a privately-held Maryland-based integrated healthcare delivery system with ten hospitals, 300 distributed care sites and more than $5 billion in annual revenues. He has held several executive roles with MedStar Health or its predecessor organizations over the course of two decades prior to his appointment as President and Chief Executive Officer in 2008. MedStar Health has a network of more than 4,700 affiliated physicians.
Mr. Samet was MedStar's Executive Vice President and Chief Operating Officer from 2000 to 2008, and served as President of Washington Hospital Center, a 900 bed academic medical center, from 1990 to 2000. From the mid-1980s to 1990, Mr. Samet held a variety of leadership positions with the Medlantic Healthcare Group, which ultimately merged with Helix Health in 1998 to create MedStar Health.
"With more than 30 years of healthcare experience, Ken brings a valuable set of skills and perspective to our Board," said Howard Zauberman, Chairman of the Board of Cogentix Medical. "Ken has dedicated his career to the Healthcare industry and we look forward to his contributions as we work to realize the full potential of our company and build shareholder value."
Mr. Samet currently serves on the board of directors at Georgetown University, the Greater Baltimore Committee, the Economic Club of Washington, United Way of the National Capital Area, Goodwill of Greater Washington and serves on the Executive Committee of the board of the Greater Washington Board of Trade. He is also a member on the Board of Evolent Heatlh, a publicly-traded company that partners with leading health systems to drive value-based care transformation. Mr. Samet received his master's degree in health services administration from the University of Michigan in 1982.
About Cogentix Medical
Cogentix Medical, Inc., headquartered in Minnetonka, Minnesota, with additional operations in New York, Massachusetts, The Netherlands and the United Kingdom, is a global medical device company. We design, develop, manufacture and market products for flexible endoscopy with our unique product lines featuring a streamlined visualization system and proprietary sterile disposable microbial barrier, known as EndoSheath technology, providing users with
efficient and cost effective endoscope turnover while enhancing patient safety. We also commercialize the Urgent® PC Neuromodulation System, an FDA-cleared device that delivers percutaneous tibial nerve stimulation (PTNS) for the office-based treatment of overactive bladder (OAB). OAB is a chronic condition that affects approximately 42 million U.S. adults. The symptoms include urinary urgency, frequency and urge incontinence. We also offer Macroplastique®, an injectable urethral bulking agent for the treatment of adult female stress urinary incontinence primarily due to intrinsic sphincter deficiency. For more information on Cogentix Medical and our products, please visit us at
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Cogentix Medical, Inc.
Brett Reynolds, SVP and CFO
Doug Sherk/Brian Moore (Investors)
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SOURCE Cogentix Medical, Inc.