Milestone Scientific Appoints Eric C. Hines as CEO, Expanding Leadership Experience in Commercial Growth and Scalability

Strategic Insights -

Milestone Scientific, a leading developer of computerized drug delivery instruments, has announced the appointment of Eric C. Hines as Chief Executive Officer, effective immediately. Hines brings over 25 years of leadership experience in scaling sales-driven enterprise software companies, serving customers across various industries, including healthcare. His extensive background in commercial growth and scalability will be crucial as the company works to accelerate the adoption of its CompuFlo(r) technology.

Key Takeaways:

  • Eric C. Hines has been appointed as the new CEO of Milestone Scientific, Inc., effective immediately.
  • Hines has over 25 years of leadership experience in scaling sales-driven enterprise software companies, serving customers across various industries, including healthcare.
  • Prior to joining Milestone Scientific, Hines served as President of North America at Ex Libris, a division of Clarivate, where he led operations across the U.S., Canada, and Latin America, and increased annual revenue from approximately $50 million to over $100 million.
  • Hines has also held executive positions at NICE Systems and previously served in the Customer Experience Management (CEM) division, where he oversaw both the central and west regions, as well as channel sales and customer experience management.
  • Hines has consistently built high-performance teams, delivered top-line growth, and led commercial expansions into new geographies and industry verticals throughout his career.
  • He holds a BA in Chemistry from Wake Forest University and an MBA in International Business from Xavier University.
  • Neal Goldman, Chairman of the Board of Milestone Scientific, commented on Hines' appointment, stating that his leadership experience growing complex, commercially disciplined organizations will be critical as the company works to accelerate the adoption of CompuFlo(r) technology.
  • Eric C. Hines expressed his honor at leading Milestone Scientific at the company's "pivotal moment," citing his impression of the company's recent reimbursement achievements, including favorable Medicare payment rates, and his excitement to expand the company's presence in the medical and dental markets.

Statistics:

  • Milestone Scientific's CompuFlo(r) technology has achieved significant reimbursement milestones, including favorable Medicare payment rates across multiple jurisdictions.
  • The company has secured initial commercial insurance payments, contributing to its growth and scalability.
  • Eric C. Hines has led annual revenue growth from approximately $50 million to over $100 million during his time as President of North America at Ex Libris.
  • Hines has managed marketing, sales, and service organizations, launched multiple new product lines, and driven new customer expansion.

Sources:

  • Press release from Milestone Scientific, Inc.
  • Information from the biography of Eric C. Hines.
  • Statement from Neal Goldman, Chairman of the Board of Milestone Scientific.