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Floyd Wood, IBB
Contact Floyd Wood floyd.wood@ibb.gatech.edu
Petit back, new role with MiMedx Group
Atlanta (September 11, 2009) — 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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The Georgia Institute of Technology is one of the nation's premier research universities. Ranked seventh among U.S. News & World Report's top public universities, Georgia Tech's more than 19,000 students are enrolled in its Colleges of Architecture, Computing, Engineering, Liberal Arts, Management and Sciences. Tech is among the nation's top producers of women and African-American engineers. The Institute offers research opportunities to both undergraduate and graduate students and is home to more than 100 interdisciplinary units plus the Georgia Tech Research Institute.