Joseph E. Whitters

Joseph E. Whitters
Principal and Director

Mr. Whitters spent a majority of his career in senior positions at publicly traded companies. His career began at a large, international accounting firm. From 1983 to 1986 he served in senior positions at two publicly traded companies. From 1986 to 2005 he was principally the Chief Financial Officer of First Health, Inc. During his tenure the company grew from $5M in revenue to approximately $900M and was sold for $1.8 billion in 2005. He has been involved in two highly successful public offerings and in over a dozen acquisitions ranging in size from several million to several hundred million dollars. Additionally, he sits on the board of three publicly traded companies, Mentor Corp.(NYSE: MNT), Omnicell (NASDAQ: OMCL), and Luminent Mortgage (NYSE:LUM). He is board chairman of Mentor Corp., a medical device company in the aesthetics space. He also serves on the boards of several privately held companies.

First Health Services Corporation. During the period from 1986 to 2005, Mr. Whitters has been involved in numerous acquisitions in the size from a few million dollars to several hundred million dollars which transformed First Health from a specialty niche health care service company to a broad based diversified enterprise. During his tenure at First Health, he was involved in acquisitions associated with product and service extensions in such areas as health care claims administration for private and public payers ($200 million deal), workers’ compensation administration ($450 million in deals), physician and hospital contracting ($205 million in deals) and related. There were numerous other smaller deals as well. These acquisitions accelerated the company’s growth from an initial $5 million in revenue and culminated in an enterprise with approximately $900 Million in revenue and 6000 employees that was sold in 2005 for $1.8 billion.