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Petit back, new role with MiMedx Group

Atlanta Business Chronicle - by Urvaksh Karkaria Staff Writer

An inability to stay retired was one reason Parker "Pete" Petit took over the wheel at orthopedic and spine implant maker MiMedx Group Inc. A serial entrepreneur, Petit launched Healthdyne and later ran its subsidiary, Matria Healthcare Inc. Less than a year after selling Matria to Inverness Medical Innovations Inc. for $900 million, Petit is back in the catbird seat.“It seems like I'm not good at retiring,” Petit said late Thursday afternoon. “I missed the interaction with my management teams.” MiMedx is developing biomaterial-based products for use in the musculoskeletal specialties, based on technology from Georgia Tech and the University of South Florida.

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Parker H. \"Pete\" Petit
Parker H. \"Pete\" Petit

Summary

Having knocked the ball out of the proverbial park with last year’s $900 million sale of Matria Healthcare Inc., Atlanta biotech big shot Parker “Pete” Petit is giving it another shot... this time with a medical implant firm.

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Contact: Floyd WoodIBBContact Floyd Wood

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  • Workflow Status:Published
  • Created By:Floyd Wood
  • Created:09/13/2009
  • Modified By:Fletcher Moore
  • Modified:10/07/2016

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