Henry A. Klyce

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Henry Arnold Klyce, Jr. (born c. 1948) is an American serial entrepreneur who has founded, or co-founded, four successful medical device companies.

Contents

Early life and education

Klyce was born and raised in Memphis, Tennessee, [1] the fourth of six children born to Henry Arnold Klyce and Mary Byrd (Perrow) Klyce. [2] He holds a Bachelor of Arts degree from Cornell University.

Career

In 1981 he co-founded Medical Instrument Development Laboratories. The company specialized in developing and manufacturing ophthalmic surgical devices, specifically for retinal diseases.[ citation needed ] MID Labs was acquired in 1985 by Alcon. [1]

In 1985 Klyce founded Surgical Dynamics, a privately held company that developed, manufactured and marketed surgical devices for orthopedics and neurosurgery, with a specific emphasis on spine surgery. Surgical Dynamics developed several innovative minimally invasive spinal products. In November 1995, Surgical Dynamics was acquired by U. S. Surgical. [1]

In 1994 Klyce co-founded Operating Room Recovery and Instrument Services (ORRIS), based in Houston, Texas. In 1998 ORRIS merged with Applied Medical Technologies to form Alliance Medical Corporation, where he served as chairman of the board. Also in 2001, Alliance Medical filed S1 registration document for an IPO of its common stock, market conditions were not favorable and the IPO was withdrawn. [3] Since then Alliance acquired Sterile Reprocessing Services, Inc., in 1998 and Paragon Healthcare Corporation, in 2001. In 2005 Alliance merged with Vanguard to form Ascent Healthcare Solutions. [4]

On Monday, November 30, 2009, Stryker Corporation (NYSE: SYK) announced a definitive agreement to acquire Ascent Healthcare Solutions, Inc. for $525 million in an all-cash transaction.

In 1997 Klyce founded St. Francis Medical Technologies, Inc. (SFMT) [5] and served as its president and CEO until June, 2004, and then its chairman until November 2005.[ citation needed ] SFMT was a privately held company that developed, manufactured and marketed the X STOP Interspinous Process Decompression (IPD) System for lumbar spinal stenosis. The X STOP was approved by FDA in November 2005. [5] In September 2006 SFMT announced that it had filed an S1 registration document with the SEC for an initial public offering of its common stock. [6] On January 18, 2007, Kyphon Inc. (Nasdaq: KYPH) acquired St. Francis for $525 million in cash and additional contingent payments of up to $200 million.[ citation needed ] On August 23, 2007, Kyphon completed its payment of more than $200 million as a direct result of its own acquisition by Medtronic.[ citation needed ]

In 2007 Klyce founded Spartek Medical, Inc, a developer of spinal implants.

Klyce is listed as an inventor in over seventy patents. [7]

Personal life

Klyce and his wife Carole have three children. [2]

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References

  1. 1 2 3 Thomas, Susan L. (2002-09-20). "Spinal tapping into another venture". East Bay Business Times. Retrieved 2008-01-14.
  2. 1 2 Yates, Leland Frank (2007-03-08). "Descendants of Adam Klyce, Page 7 of 7". Genealogy.com. Retrieved 2008-01-14.
  3. ↑ "ALLIANCE MEDICAL CORP, Form S-1/A, Filing Date Nov 29, 2001". secdatabase.com. Retrieved May 14, 2018.
  4. ↑ "Alliance Medical Corporation and Vanguard Medical Concepts Announce Approval of Merger; The Boards of Both Companies Approve Merger Following the Expiration of Waiting Period". Business Wire. 2005-12-19.
  5. 1 2 Rauber, Chris (2006-06-02). "Medical firm backs into growth opportunity". San Francisco Business Times. Retrieved 2008-01-14.
  6. ↑ "ST FRANCIS MEDICAL TECHNOLOGIES INC, Form S-1/A, Filing Date Nov 22, 2006" (PDF). secdatabase.com. Retrieved May 15, 2018.
  7. ↑ "Google Patents".
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