Industry & Services >> CEO Interviews >> April 14, 2002
PARKER H. (PETE) PETIT is Chairman, President and CEO of Matria
Healthcare, Inc. In 1970, Mr. Petit founded Healthdyne, an
internationally based healthcare company that manufactured high-
technology healthcare devices, provided healthcare information systems
and technology, and provided healthcare services and disease management.
The Healthdyne-related companies grew to annual revenues in excess of
$600 million. In order to increase shareholder values, Healthdyne was
split into several publicly traded companies through public offerings
and spinouts to shareholders in 1994. At that point, Mr. Petit
relinquished the CEO role and remained Chairman of the Board of all the
companies. Subsequently, the home infusion therapy subsidiary was sold
to W. R. Grace. In 1995, Healthdyne Maternity Management was merged with
Tokos Medical to form Matria Healthcare. In 1997, Healthdyne
Technologies was merged with Respironics (NASDAQ:RESP). In May 2001,
Healthcare.com, which was formerly Healthdyne Information Enterprises,
merged with XCare.net Corporation to form Quovadx (NASDAQ:QVDX). Mr.
Petit resumed the duties of President and CEO of Matria Healthcare in
October 2000. Mr. Petit has served on the Board of Directors of Atlantic
Southeast Airlines, Inc., and Norrell Corporation, and he currently
serves on the Board of Directors of Intelligent Systems, Inc., and
Logility, Inc. Mr. Petit has been a member of the Board of Directors of
the Georgia Research Alliance, which is chartered by the state of
Georgia to promote high technology and scientific development in the
state, and he is a 1994 inductee into the Technology Hall of Fame of
Georgia. Mr. Petit funded a professorial chair for 'Engineering in
Medicine' at Georgia Tech in 1986. In 1995, he endowed the Petit
Institute for Bioengineering and Biosciences at Georgia Tech. Profile
company?
Mr. Petit: Matria Healthcare is the largest provider of comprehensive
disease management services in the country.
