8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) December 28, 2001
                                                        -----------------

                              NOVOSTE CORPORATION
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             (Exact name of registrant as specified in its charter)

                  Florida                0-20727           59-2787476
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      (State or other jurisdiction     (Commission         (IRS Employer
            of incorporation)          File Number)       Identification)



              3890 Steve Reynolds Blvd., Norcross, GA      30093
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              (Address of principal executive offices)   (Zip Code)



        Registrant's telephone number, including area code (770) 717-0904
                                                           --------------





          (Former name or former address, if changed since last report)




Item 5.  Other Events

December 19, 2001 Novoste Corporation (the "Registrant") issued a press release
announcing that William A. Hawkins has resigned as the Registrant's President
and Chief Executive Officer. A copy of the press release is attached as Exhibit
99.1 and incorporated by reference herein.

Item 7.  Financial Statements And Exhibits.

  (c)    Exhibits.

 99.1    Press Release dated December 19, 2001.



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:      December 28, 2001


                                               NOVOSTE CORPORATION
                                               -------------------
                                                  (Registrant)

                                           By: /S/ EDWIN B. CORDELL, JR.
                                               --------------------------
                                               Edwin B. Cordell, Jr.
                                               Vice President - Finance

EX-99.1

                                                                    EXHIBIT 99.1

PRESS RELEASE
- -------------

Contact: Robert P. Walsh
         Vice President, Investor Relations
         (770) 810-3150

          NOVOSTE CEO WILLIAM HAWKINS STEPPING DOWN TO JOIN MEDTRONIC;
                          WILL REMAIN ON NOVOSTE BOARD

                 Chairman Thomas Weldon to Serve as Interim CEO

NORCROSS, GA., December 19, 2001 - Novoste Corporation (NASDAQ: NOVT) today
announced that President and Chief Executive Officer William A. Hawkins is
resigning from the company to join Medtronic, Inc. as Senior Vice President and
President of its Vascular Division. His move will be effective January 16, 2002.
Mr. Hawkins will remain involved with Novoste as a member of its Board of
Directors.

The Novoste Board is currently reviewing CEO candidates and is expected to name
a successor to Mr. Hawkins during the next few months. In the interim, Chairman
and company co-founder, Thomas D. Weldon, will step back into the role of CEO, a
position he held prior to Hawkins' appointment.

Commenting on his departure, Mr. Hawkins said, "This is a personal career
decision, and it has not been an easy choice because Novoste is a strong company
with excellent future prospects. I was brought in almost four years ago to
transition this organization from a development stage company to a fully
integrated global leader in cardiology. This goal has been accomplished and in
light of this opportunity, it is time for me to accept new challenges. I plan to
remain very much involved with Novoste as a member of its Board."

Mr. Weldon added, "Under Bill's guidance, we have built a solid senior
management team that has led us to a strong market leadership position in
vascular brachytherapy. Our management team, together with our field sales
organization and our infrastructure, remain intact. In the near term, we will
continue to focus on growing our vascular brachytherapy business. Over the
longer term, we plan to leverage our core technology into new markets and
aggressively pursue internal and external strategic growth opportunities that
exploit our brand and distribution capabilities. Our new CEO will drive this
strategy."

Mr. Weldon and Mr. Hawkins will conduct a conference call at 8:00 am EST on
Thursday, December 20, 2001, to discuss the transition. The phone number for the
conference call is (646) 862-1023, reservation code 20142990. For those unable
to participate, a replay will be available for two days following the call by
dialing (800) 633-8284 or (858) 812-6440, reservation code 20142990. To access
the conference call via live webcast, visit the Investor Relations section of
Novoste's web site at http://www.novoste.com. Listeners are advised to visit the
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website at least 20 minutes before the scheduled time of the call to download
and install any necessary audio software. An archived copy of the call will be
available for a period of 48 hours after the call on the Company's web site.





About Novoste Corporation:
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Novoste Corporation, based in Atlanta, develops advanced medical treatments for
coronary and vascular diseases and is the worldwide leader in vascular
brachytherapy. The company's Beta-Cath(TM) System is commercially available in
the United States, as well as in the European Union and several other countries.
This product was being used in approximately 300 hospitals in the third quarter
ended September 30, 2001, which also was the company's first profitable quarter
in its nine-year history. For general company information, please call (770)
717-0904 or visit the company's web site at www.novoste.com.
                                            ---------------

The forward-looking statements included in this news release reflect
management's best judgment based on factors currently known. Actual results may
differ materially from those projected in these forward-looking statements based
upon risks and uncertainties, such as timing and receipt of regulatory
approvals, reimbursement, timing and results of future clinical trials, product
availability, continued market acceptance of the Beta-Cath(TM) System, continued
demonstration of safety, efficacy, and device performance in post-market
surveillance studies, competition and technological changes and other risks
detailed in documents filed by Novoste with the SEC including its Form 10-K for
the year ended December 31, 2000 and Form 10-Q for the quarter ended September
30, 2001.

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