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Urologix restructuring

This article was originally published in The Gray Sheet

Executive Summary

Minneapolis-based urology firm lays off 26% of its workforce (28 employees), hires Fred Parks as CEO and chairman of the board upon CEO Michael Selzer's resignation. Parks has served as CEO of Marconi Medical Systems and Philips Medical Systems-Cleveland, and held the COO title at St. Jude Medical (1"The Gray Sheet" March 8, 1999, p. 23). Urologix will take a restructuring charge in the fourth quarter...

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