Venture capital firm New Enterprise Associates said today it picked up ex-Medtronic (NYSE:MDT) executive veep Dr. Stephen Oesterle as a venture partner for the firm.
Prior to being an executive veep for the medical giant, Oesterle served as senior veep of medicine and technology, and served as a member of the executive committee for 14 years, according to NEA.
“Dr. Oesterle is one of the most widely known and respected leaders in the medical device industry, and it is an honor to welcome him to the NEA team. Steve brings with him a vast global network of relationships across the academic, technical, clinical, entrepreneurial, and venture communities. His experience in the health technology investment space coupled with his business development and general management background will be invaluable resources to the companies in our portfolio and to the NEA partnership,” NEA general partner Dr. Josh Makower said in a press release.
Dr. Oesterle served on more than 20 boards as a director or observe during his time at Medtronic. He also served as director of the invasive cardiology services as Massachusetts General Hospital and Stanford, the company said.
“After working closely with investors and entrepreneurs across the venture capital ecosystem for many years, I’m thrilled to join NEA during what I believe is an extraordinary time for medical technology. With the firm’s scale, expertise and rich history of innovation, NEA stands to play an important role in shaping the future of medical technology, and I’m excited to work alongside the team to advance new products and treatments for improved patient care,” Dr. Oesterle said in prepared remarks.
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