The Business Review by Adam Sichko, Reporter
Joe DeVivo’s dream of running the family business almost shattered when he lost $250,000 during his first seven months as CEO, just as his parents were getting a divorce.
That was nearly 25 years ago.
What he learned as he stabilized his father’s company explains DeVivo’s splashy debut as a newcomer executive in the Capital Region with AngioDynamics Inc., the Latham company that makes medical devices.
This month, DeVivo bought a rival, Navilyst Medical, for $372 million. The purchase adds 350 workers in Glens Falls and boosts revenue 66 percent for AngioDynamics, already the second-largest public company in the region.
