Philadelphia: Are Entrepreneurs Born or Educated?
Featuring Richard Caruso
PhD 1990 Economics
Founder and Chairman of Integra LifeSciences Corporation and
2006 Ernst & Young US Entrepreneur of the Year
University of Pennsylvania
Huntsman Program Office
3732 Locust Walk
Philadelphia, PA 19104
Refreshments will be served.
Wednesday, September 19th, 6:00-8:00pm
$30 per person/ $20 for AFLSE members.
Space is limited. Please respond by September 16 by phone to the LSE Foundation at (212) 433-1115 or click here to sign-up online.
RICHARD E. CARUSO, PhD founded Integra LifeSciences Corporation (“Integra”) in 1989. Dr. Caruso currently serves as the company’s Chairman. In August 1995, Integra became a publicly-held company listed on the National NASDAQ Market under the symbol “IART”. Integra Envisioned….. And then Created a new branch of medicine now known as Regenerative Medicine where the body is enabled to re-create its own parts.
In 1998, Dr. Caruso recruited Stuart Essig from Goldman Sachs as Integra’s President and Chief Executive Officer. Currently, Integra has annual sales approaching $600,000,000 with approximately 2,000 associates.
In 1978, Dr. Caruso founded The Provco Group (“Provco”), a group or amalgamation of businesses or activities, which organizes and provides funding for a variety of entrepreneurs and complex business activities. In each transaction where Provco participates financially, it also participates in either selecting management or directly in management. Currently, Provco manages $500,000,000 in assets and concentrates in the following areas: manufacturers lease programs, venture financing, real estate, alternate energy, leveraged buyouts, reorganizations, personal property and investment strategies.
From 1969 to 1992, Dr. Caruso was a principal of LFC Financial Corp (LFC), located in Radnor, PA that originated approximately $3,000,000,000 of creative lease and project finance transactions. When he left LFC in 1992, he was a Director and held the position of Executive Vice President. Prior to joining LFC, Dr. Caruso was associated with Price Waterhouse & Co. in Philadelphia, PA where he practiced as a certified public accountant and auditor.
Dr. Caruso is also a founding shareholder of Interactive Investor International (www.iii.co.uk ) (1996), once publicly-traded on NASDAQ and the London Stock Exchange (acquired by an Australian insurance group, of Advanced Voting Solutions, Inc. – 1999 (www.advancedvoting.com ), a privately-held, touch screen voting company, and of First Sterling Bank which, after a series of mergers with Prime Bank, Summit Bank and Fleet Bank, is now part of Bank of America. Dr. Caruso also founded Tenly Enterprises in 1982 which acquired and operated Rustler Steak Houses before their sale to Sizzlers.
Dr. Caruso has more than 35 years of experience in entrepreneurial and finance type ventures. He has and continues to be actively involved in a variety of domestic and international business activities. He has a broad base of business experience and maintains an active involvement in the academic community in both the United States and Europe.
In 1992, Dartmouth Press published Dr. Caruso’s book entitled “Mentoring in the Business Environment”.
In 2000, Dr. Caruso was the recipient of the New Jersey Entrepreneurial Leadership Award in Biomaterial Science.
In 2006, Dr. Caruso was the award recipient for the prestigious Ernst & Young and Kauffman Foundation sponsored Greater Philadelphia areas Entrepreneur of the Year Award for his work with Integra LifeSciences Corporation and, subsequently, went on to Palm Springs, California to win both the National Award in the Health Sciences category as well as the Overall National Entrepreneur of the Year Award.
Dr. Caruso is also the Founder and Director of The Uncommon Individual Foundation, a non-profit foundation which encourages individuals to form and follow their dreams of personal success and, in effect, become the entrepreneurs of their personal lives (www.uif.org ).
Dr. Caruso has served, or is serving, on the Boards of Susquehanna University, The Baum School of Art, the Business Performance Group of the London School of Economics, First Sterling Bank, Advanced Voting Solutions, Inc. and American Capital Mutual Funds, American Revolution Center and the Medici Archive Project. Dr. Caruso is also an advisor to Quaker BioVenture, a venture capital firm dedicated to investing in lifescience technology. He received a B.S. degree from Susquehanna University, M.S.B.A. degree from Bucknell University, and a Ph.D. degree from the London School of Economics, University of London (U.K.).
Dr. Caruso resides in Villanova, PA.
---Richard E. Caruso, Ph.D.
Founder, The Uncommon Individual Foundation