Dan Lemaitre is Chairman of Endologix (ELGX) a Irvine California based medical device company with annual revenue of ~$200 million that is focused on providing innovative, minimally invasive technologies for aortic disorders. Mr. Lemaitre most recently served as the President and CEO of Direct Flow Medical. Previously, Mr. Lemaitre was the CEO of CoreValve, one of the early pioneers in transcatheter aortic valves. By 2009 revenue were at a $100 million annualized end market run rate. Dan led negotiations that resulted in the sale of CoreValve to Medtronic in a transaction valued at $800 million.
Prior to joining CoreValve, Mr. Lemaitre was a Senior Vice President at Medtronic where he headed-up strategic planning and corporate development. Dan was also a member of Medtronic’s executive and operating committees.
In 2012 Dan was part of an investor syndicate that took private a $250 million division of a major orthopedic company and served as its initial Chairman. He is also on the board of Globus Medical (NYSE: GMED) one of the fastest growing spinal companies with revenue of ~$650 million per annum. Dan serves on the Globus audit and compensation committees.
Earlier in his career Dan spent 28 years in the medical device field as an investment analyst. He began his career as a buy-side analyst in 1978 working at National City Bank in Cleveland and later, Standish Ayer & Wood in Boston. His sell-side career included 18 years with Cowen & Company, where he was a managing director and led the health care research team. In 1999, Dan moved his team to Merrill Lynch where he headed-up the medical technology effort for six years. During his Wall Street tenure, Dan was named to Institutional Investor’s All American research team for 19 consecutive years, capturing first place honors 8 times as the top-ranked medical device analyst in the country.
Dan has a BA in Economics (1976) from Bethany College (West Virginia) and an MBA (1978) from Bowling Green State University in Ohio. He earned a Chartered Financial Analyst (CFA) in 1982.