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Article: Patient care; Unheralded American Medical Systems has become one of the top-performing med-tech firms.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- May 29, 2002
- Author:
CopyrightCOPYRIGHT 2002 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Terry Fiedler; Staff Writer
There wasn't much fanfare when American Medical Systems went public a little less than two years ago.
After all, the Minnetonka-based company had been around for more than 25 years, been bought and sold a couple of times, and its market - urology - wasn't particularly new or sexy, either.
The stock came out at $11 a share on Aug. 11, 2000, and rose all of 56 cents on the day. No matter.
"We just methodically went about our business," CEO Doug Kohrs said.
Now, after six straight quarters of consensus-beating earnings and three consecutive quarters of 20 percent-plus revenue growth, American ...