White Pine Medical
Dan Lemaitre, the former CEO of CoreValve Inc., will head up Essex Woodlands Health Ventures’ new medical device fund, White Pine Medical.
Last year Medtronic Inc. (NYSE:MDT) spent about $700 million, plus a possible $150 million more, buying CoreValve and its aortic valve replacement device. Lemaitre, who was a senior vice president at Medtronic before his stint at CoreValve, spent 28 years as an analyst at SG Cowen and Merrill Lynch, covering the medical device industry.
He’ll start his new fund with $50 million from Essex Woodlands, which Lemaitre said is looking to do some bargain hunting.