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NEWS

Tax upsets medical device makers

  SEMDA's 2010 Conference
   March 25, 2010
   Georgia Aquarium

Board of Directors      

Chairman
 

Rick Randall
Chairman 2010/2011

Rick Randall is the Chief Executive Officer of TranS1, Inc, a company dedicated to developing and marketing minimally invasive therapies to treat lower back pain.
Rick served as President and CEO of Innovasive Devices, Inc. from 1994 to 2000, when the firm was acquired by the Ethicon Division of Johnson & Johnson. Innovasive Devices was a developer, manufacturer and marketer of arthroscopic surgical products.

From 1989 to 1996 Rick served as President, Chairman and Director of Target Therapeutics, Inc., a medical device company serving the interventional neurosurgery market. Target was acquired by Boston Scientific, Inc in 1997. Prior to Target, he held various sales and marketing management positions with Trimedyne, Inc., Baxter Edwards and the USCI Division of C.R. Bard, Inc.

He is also co-founder of Conceptus, Inc. and Cardima, Inc., and is a Director of AbbeyMoor Medical and Salient Surgical Technologies.
Rick earned a Bachelor of Science degree from State University College at Buffalo, Buffalo, NY.  

Board of Directors

 

Albert "Ace" C. Edwards
SEMDA President

Ace has been involved in the electronics industry for the past thirty-five years, the past eight in medical devices. Currently he provides manufacturing, fabrication & design/engineering services to manufacturers. Prior to this he was the Director of Sales, Marketing, and Business Development at Sector Electronics and Sector Medical Corp. Sector Medical was a start-up medical device company that developed and marketed a screening device for Obstructive Sleep Apnea. During this time he also started a Home Health Agency providing in-home care for seniors.

Prior to working with Sector he spent sixteen years working for a fortune 200 company in electronic interconnection systems. He worked up through the sales ranks to the position of National Sales Manager and the Director of Global Marketing.

Ace holds a bachelors degree in Industrial Management from the Georgia Institute of Technology and his master’s degree in Business and Entrepreneurship from Wake Forest Babcock School of Management.

 

David B. Hartnett
SEMDA Vice President (President Elect 2011/2012)

David Hartnett is Vice President, Economic Development for the Metro Atlanta Chamber of Commerce, specializing in high tech and bioscience. He has more than 19 years of senior management, Medical Device/Pharmaceutical, and Telemedicine - IT healthcare experience with early stage to publicly traded companies.

David’s diverse experience has contributed to the success of six premier medical device companies receiving international recognition. He has served as a lead in the management, development and commercialization of over 14 medical devices, ranging in classification.

Prior experience includes Managing Director of Medical Device Marketing® and President and Chief Executive Officer of UnitedPharma®. He has also held positions as President, CEO of SteriFx® Corporation, Given Imaging, Inc. ERBE Electrosurgery, Karl Storz Lithotripsy, Genzyme® (formerly Deknatel), STERIS® (formerly AMSCO®) and the XEROX® Corporation.

David holds a B.Sc. in Speech Communication, from San Diego State University with a master’s equivalent in Marketing through Post Graduate executive management studies.

 

Robert Natowitz
SEMDA Treasurer

Robert Natowitz is the President of Ideal Search Services LLC. His focus is talent acquisition in the medical device field nationwide. He specializes in engineering recruitment, to include product development, R&D, design assurance and quality. Prior to relocating to Atlanta, he spent ten years as partner at DeMatteo Associates, a specialty search firm in Albany, NY.

Rob is a member of the American-Israel Chamber of Commerce. He is a volunteer at the Outreach and Advocacy Center which serves the homeless and near-homeless in downtown Atlanta. He received a BA in English from the State University of New York at Potsdam.

 

Charlie Harrison
SEMDA Secretary (President Elect 2012/2013)

Charlie Harrison, President and CFO of Wynden Pharmaceuticals, Inc., brings 35 years of marketing and operating experience in driving new product and business commercialization in pharmaceutical, device and biotech markets.

Prior to founding Wynden, Charlie was founder and President of Critical Strategies, LLC, providing business development and strategic advisory support to life science companies. Prior to Critical Strategies, Charlie served in a series of senior management roles with Serologicals, Creative Product Resource, Unimed, SmithKline (now GSK) and Organon (now Schering).
Charlie serves on the Boards of the American-Israel Chamber of Commerce, Southeast Region and Medical Compression Systems Ltd., a public Israel-based medical device company. Charlie received his BS in Mathematics from Pennsylvania State University and his MBA from the University of Massachusetts. 

 

John G. Edwards
SEMDA Past-President

John Edwards is founder and CEO of Apeliotus Technologies, a medical device company that develops and commercializes products based on innovations from universities in the Southeast.

John has been involved in technology commercialization for more than 25 years at four successful university spin-off companies and a major university research lab.

John holds SB and SM degrees in physics from MIT and an MBA from the University of Chicago.

 

Mark Fishman
SEMDA Tax & Financial Advisor

Mark is a CPA with more than 14 year of experience in public accounting. He joined Cain & David in 2005 as a Partner. Mark’s areas of practice include medical devices, manufacturing, technology, telecommunications, distribution, entertainers and athletes, and services companies. He also is the partner in charge of the firm’s state and local tax practice (SALT) with a specialty in multi state tax planning, tax credits, nexus requirements, sales tax and ad valorem tax issues. Mark holds a BS in Accounting from Longwood College and an MS in Taxation from American University. He is currently an adjunct professor at Oglethorpe University.

 
 

Scott Allen

Scott L. Allen is a senior associate in the firm’s Medical Device and Corporate and Securities Practices. His practice focuses primarily on representing public and private companies in general corporate matters, mergers and acquisitions, venture capital and public securities offerings and reporting requirements.

Mr. Allen’s practice covers a wide variety of industries, with extensive experience representing clients in the medical device, information technology and telecommunications industries. Mr. Allen routinely advises a range of clients, including start-up, middle market and large cap companies, in complex mergers and acquisitions, venture capital, and corporate finance issues, involving both domestic and cross-border transactions.

Mr. Allen has been recognized as a leading young attorney in the corporate practice area by being selected as Georgia Super Lawyers Rising Star, as published by Law & Politics and Atlanta magazines on numerous occasions. Mr. Allen is also a frequent speaker on corporate law, M&A and private equity topics for continued legal education programs, trade association events and related conferences.

 
 

Tom Brooks

Tom Brooks is a serial entrepreneur with over 22 years of medical device and healthcare experience. He was one of the founding members of a new division of Ethicon, Endo-Surgery, a Johnson & Johnson company. He led Boston Scientific’s Business Development team into four new markets from 1986 to 1994. He was one of the original members of the senior management team for Novoste Corporation in Atlanta from 1995 until1999 when he left to start a healthcare IT company. In April 2000, he sold the healthcare IT company he founded with a physician. In 2001, he joined Conor Medsystems, a drug delivery company. As President, he helped raise multiple rounds of funding before leaving to start Healthcare Capital Partners, a Venture Capital fund, in August 2003.

Tom is Managing Partner for HealthCare Capital Partners, an Atlanta-based Venture Capital firm specializing in making seed and early-stage investments in healthcare companies, including medical technology, medical devices and diagnostics. Typical investments are: (1) between $150,000 to $1.5 million initially, reaching a total investment of $1 to $4 million in any one company; (2) syndicated with other leading venture capital firms throughout the country; and (3) located in the Southeastern U.S. 

 

Robert L. Crutchfield

Mr. Crutchfield joined HMC in September 2008 and has more than 20 years of entrepreneurial and corporate experience in the healthcare industry, working with both startup, as well as large, international corporations.

Prior to joining Harbert Venture Partners, Mr. Crutchfield served as Senior Vice President/General Manager of the Pharmacy Services Division at US Oncology, a privately held, vertically integrated cancer care provider network with cancer clinics in more than 440 sites of service and a physician network consisting of over 1000 medical oncologists and radiation oncologists. His division was responsible for approximately $2 billion of annual revenue and under his leadership the division’s EBITDA grew to over $80 million.

Mr. Crutchfield was also a Senior Executive at CardinalHealth, where he served as Vice President of New Ventures. While there, he built and launched a new surgical products business unit, with revenues of over $75M and EBITDA of $20M through licensing of new technologies, acquisitions and creating a new North American sales channel.

In 1995, Mr. Crutchfield founded Surgical Innovations and Services, Inc. (SIS), a surgical laser management company. Under his leadership, SIS became a leader in the emerging outsource management sector, with over 300 hospitals and surgery centers under contract with SIS for management oversight and delivery of their surgical laser programs. In 2000, SIS merged with Surgical Laser Technologies, Inc. (SLTI) a publicly traded surgical laser-manufacturing firm. Mr. Crutchfield continued as President of SIS and served as VP of Sales, Marketing and Business Development for SLTI until he exited the company following its acquisition by publicly-traded Photomedex, Inc.,

Mr. Crutchfield has launched five successful new business ventures during his private and corporate career and has lead four merger and acquisition transactions. Mr. Crutchfield is a graduate of the University of Georgia and holds Bachelor of Science degrees in Political Science and Chemistry.

In addition to his responsibilities at Harbert, he is serving on the Governor’s Science and Technology Roadmap Steering Committee and Chairs the Commercialization Sub-Committee. He also is a member of the Alabama Obesity Institute Formation Steering Committee. He is an active member of the Birmingham Kiwanis Club, a member of the Board of Directors for the Birmingham Venture Club and Atlanta Venture Forum. He is married to Connie and they have three college-aged children.

 

Paul Gianneschi

Paul Gianneschi is the Managing Principal and Founder of Hatch Medical, L.L.C., a privately held medical device incubator and technology brokerage firm focused on assisting physician inventors, entrepreneurs and early-stage companies with minimally invasive medical device technologies.

Paul has spent the past 18 years as an executive in the healthcare industry. Prior to founding Hatch Medical in 2000, Paul served over seven years in a series of senior level marketing and sales management positions with medical device industry leader, C. R. Bard, Inc.'s Peripheral Vascular Division. Prior to joining Bard, Paul worked in similar capacities with Bausch & Lomb and NDC Health / McKesson.

Paul earned a Bachelor of Science degree from the University of Florida and an M.B.A. in International Management from Mercer University, where he currently serves on the board of their business school.

 

Rick Haury

Mr. Haury is a senior executive with CrossLink Life Sciences, LLC, an Atlanta-based holding company that is engaged through its affiliates in the distribution and sale of medical devices and is presently launching a venture arm that will be providing financing to early and mid-stage device companies. Mr. Haury also serves as the CEO of WebOps Logistics, LLC, which provides a web-based application that combines service and supply chain processes with mobile computing and connectivity for companies in the medical device sector. Prior to joining CrossLink and WebOps, Mr. Haury was an attorney and senior partner with Morris, Manning & Martin, LLP for 21 years in the corporate, healthcare, securities and medical device practice groups. Mr. Haury continues to counsel medical device companies on these matters through his law firm, Haury Law Group, LLC. Mr. Haury is a co-founder and former president of the Southeastern Medical Device Association (SEMDA) and is recognized among the leaders in his field in the Atlanta Business Chronicle’s Who’s Who in Healthcare. Mr. Haury holds a B.B.A. from Emory University a J.D. from Vanderbilt University and an M.B.A. from The Owen Graduate School of Management.

 

Lynn Hood

Lynn Hood, President of Hood Marketing Solutions, has more than 25 years of experience working with agencies and corporations in marketing and communications. For two decades her agency, Hood Marketing Solutions, has built a track record of helping companies strategically position themselves in the marketplace and increase sales through innovative, cost-effective marketing techniques. The agency specializes in high tech, bioscience and business-to-business marketing.

Lynn is active in a number of organizations that support Atlanta’s growth. She is a founding member of SEMDA and Chairman of the Branding Subcommittee for the Metro Atlanta Chamber of Commerce’s Technology Marketing Initiative. Lynn is actively involved with Georgia Bio and is on the Advisory Board of its Emerging Leaders Network. She also serves as marketing chair for the MIT Enterprise Forum of Atlanta and is a member of the Technology Association of Georgia. She is a long-time member of the Marketing Advisory Board for the Center for the Visually Impaired. 

 

David R. Stern

David Stern is currently the Sr. Vice President of Scientific Affairs and a member of the board of directors for CardioMEMS, Inc., an Atlanta based medical device company that has developed proprietary wireless sensing and communication technology designed to improve the management of chronic diseases.

David previously served as Vice President and Business Unit Manager of the Peripheral Technologies Division of C.R. Bard. He holds a B.S. in Biomedical Engineering from Rensselaer Polytechnic Institute and a M.E. in Biomedical Engineering from Worcester Polytechnic Institute. David served as SEMDA president for the 2008/2008 business year.