Recent Updates
Recently added Catalysts
TCMD Positive Sentiment Score: 75/100

Tactile Medical Appoints Carmen Volkart to Board of Directors MINNEAPOLIS

Key Takeaway: Tactile Systems Technology, Inc. has appointed Carmen Volkart to its Board of Directors, effective January 5, 2023. Volkart brings over 40 years of experience, particularly in financial and managerial roles within medical device companies. Her previous positions include Chief Financial Officer at NatureWorks LLC and NxThera, Inc., where she contributed to successful acquisitions. Bill Burke, Chairman of the Board, expressed optimism about the strategic insight she will bring to the company.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment enhances the board's expertise with Carmen Volkart's extensive experience.
  • Volkart's background includes leadership roles in notable medical device companies.
  • The addition is expected to provide strategic insights beneficial to Tactile Medical.

Full Press Release Details

Appoints Carmen Volkart to Board of Directors
MINNEAPOLIS-January 5, 2023 (GLOBE
NEWSWIRE) - Tactile Systems Technology, Inc. ("Tactile Medical") (Nasdaq: TCMD), a medical technology company
providing therapies for people with chronic disorders, today announced the appointment of Carmen Volkart to the Company's Board
of Directors ("Board"), effective January 5, 2023.
"Carmen joins our Board with more than
40 years of experience in financial and managerial positions, including extensive experience leading medical device companies,"
said Bill Burke, Chairman of the Board of Tactile Medical. "We are glad to welcome Carmen to Tactile Medical and look forward to
benefiting from her operating expertise and strategic insight."
Since 2018, Carmen Volkart has served as the
Chief Financial Officer of NatureWorks LLC, a privately-held advanced materials company and developer of renewably sourced polymers and
chemicals. Prior to joining NatureWorks, she served as the Chief Financial Officer of NxThera, Inc., a privately-held medical device
company focused on the treatment of benign prostatic hyperplasia, from 2012 until its acquisition by Boston Scientific in 2018. From
2010 to 2012, Ms. Volkart served as Chief Financial Officer of Tornier, N.V., a medical device company focused on treating musculoskeletal
injuries and disorders of the shoulder, elbow, wrist, hand, ankle and foot. She led Tornier through a successful initial public offering
Prior to joining Tornier, Ms. Volkart served
as Chief Operating and Financial Officer, Corporate Secretary, Compliance Officer and Treasurer of Spine Wave, Inc., a privately-held
medical device company focused on minimally invasive spine surgery and expandable interbody devices, from 2006 to 2010. From 2004 to
2006, Ms. Volkart served as Executive Vice President, and Chief Financial Officer of American Medical Systems, Inc., a publicly
traded medical device company focused on male and female pelvic health. Her career history also includes significant experience in various
financial and managerial positions at both Medtronic, Inc., from 1992 to 2004, and Honeywell, Inc., from 1982 to 1992.
About Tactile Medical
Tactile Medical is a leader in developing and
marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous
insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. The company collaborates with
clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality
of life for tens of thousands of patients each year.

Frequently Asked Questions

Who was appointed to the Board of Tactile Medical?

Carmen Volkart was appointed to the Board of Tactile Medical on January 5, 2023.

What experience does Carmen Volkart bring?

Carmen Volkart brings over 40 years of experience in financial and managerial roles, particularly in medical device companies.

What position did Volkart hold before Tactile Medical?

Carmen Volkart was Chief Financial Officer at NatureWorks LLC before joining Tactile Medical.

What is the focus of Tactile Medical's therapies?

Tactile Medical develops at-home therapies for chronic conditions like lymphedema and chronic venous insufficiency.

What role does Tactile Medical play for patients?

Tactile Medical enhances patient quality of life by providing therapies for chronic health conditions.

Last updated: Jan 5, 2023