Diagnostic test developer Alere named Namal Nawana president, CEO and a member of the board of directors. Nawana joined the company in 2012 as the COO, serving as its interim president and CEO since last July. Prior to joining Alere, he served at multiple leadership levels within Johnson & Johnson and its subsidiary DePuy, most recently as worldwide president of DePuy Synthes Spine.
October 27, 2014
In an update last week, D&B Editor Stuart Hampton discussed Murphy Oil‘s transformation into a pure-play exploration and production company. In 2013 it spun off its US retail marketing holdings (Murphy USA) and is currently divesting its UK downstream operations. As a result, revenue dropped more than 80%, from about $29 billion in 2012 to $5 billion in 2013. The separation of the upstream and downstream businesses, however, allows Murphy Oil to focus its resources on growing the higher-margin exploration and production operations. Follow Stuart on Twitter.
October 27, 2014
Paid caregivers make up the fastest-growing major segment of the US workforce, but as demand increases, home health agencies face high employee turnover and a shortage of qualified candidates. The number of home health and personal care aides is expected to nearly double by 2022. Minimal training is required to enter the profession, but emotional and physical demands coupled with low pay and limited benefits cause some potential candidates to look elsewhere. Annual wages run at about $20,000, lower than other health care occupations tracked by the US Department of Labor. Read about more Home Health Care Services trends in our industry report.