Health

Hall of Fame Laureate Vernon Laux dies at 87

Vernon Laux, the former CEO of Baxter International and a Modern Healthcare Hall of Fame inductee, passed away Sunday at the age of 87.

Laux began working at the medical supply giant as an assistant to then-CEO Bill Graham. Laux rose in the rankings and became Vice President of International Business in 1968 and served as Chief Executive Officer from 1980 to 1998. He was chairman from 1987 to 1999.

A Marine Corps officer who graduated from Yale University and Harvard Business School, Laux was responsible for increasing the company’s sales to $ 5.7 billion during his tenure and increasing the workforce from 30,000 to 42,000. Under Luke’s leadership, Baxter has also grown globally. In 1985, Baxter acquired American Hospital Supply Corp., which later spun off a number of business units, including Caremark Rx.

In a profile written to induce Luke into the Modern Healthcare Hall of Fame in 2006, former colleagues said his personal behavior and leadership style were also important ingredients for Baxter’s success.

“He was an amazing leader and an amazing person,” said Terry Mulligan, former chairman of MedAsset’s Senior Advisory Board and former Baxter executive who joined us during the American Hospital Supply merger. “I don’t know how many people who are CEOs of companies used to work for Verne.”

Mulligan confirmed that Laux died in Pittsburgh.

Laux was the first chairman of the Council of Healthcare Executives and later became the head of the investment and consulting firm Aethena Group.


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