MedCity News January 26, 2025
Joseph DeVivo, CEO of portable ultrasound device firm Butterfly Network, led the company’s return to revenue growth in 2024. Now, he wants to have the device be firmly entrenched in hospitals.
Last year, when I met the CEO of Butterfly Network, a point-of-care ultrasound device maker, during the annual J.P. Morgan Healthcare Conference, the Massachusetts company was in the middle of a turnaround. After being in business for 12 years, revenue had slid and the public company’s stock was trading at around $1. 2024 would be the year the company would get its “mojo back” promised Joseph DeVivo declaring that Butterfly Network would have to demonstrate revenue growth once again.
Last week when I met DeVivo, he was smiling ear...
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