Healthcare >> CEO Interviews >> February 19, 2001

Dave Hood – Integrated Medical Systems Inc

DAVE HOOD is the President of Integrated Medical Systems, Inc. Mr. Hood was selected to lead this new company when it was 'spinning-out' from Northrop Grumman Corporation. Mr. Hood has focused on forming the company, establishing sales, reducing costs, working with investors, garnering appropriate corporate credentials and expanding company exposure. The company has substantially increased sales, decreased costs more than 80%, created profits and earnings. Within Northrop Grumman, Mr. Hood was the founder of this 'intra-preneuring' endeavor and co- inventor of the cornerstone product. While at Northrop Grumman he was responsible for stimulating more than 25 patents. He organized the team and selected the appropriate staff to support different stages of this emerging business, augmenting key technical talent with strong financial talent, establishing a Subject Matter Expertise Team and selecting a Board of Advisors. Mentored within Northrop Grumman by the CFO's and Treasurer's office, Mr. Hood worked extensively with the investment community to launch the new company. Prior to these responsibilities, Mr. Hood worked with Rockwell International and Northrop Grumman. He successfully guided the development of various sensor systems for high performance aircraft, missiles, and satellites. He also guided work related to pioneering Intelligent Transportation Systems and the application of advanced materials to automotive engines and brake systems. He has made numerous presentations at various venues in the US and Europe. Mr. Hood has over 20 years of product development and business experience. Mr. Hood has a Bachelor's in Electronic Engineering from the Ohio Institute of Technology, a Master's in Engineering and Scientific Management from West Coast University, a Master's in Business Administration from the University of Southern California and a recent summer session at the Massachusetts Institute of Technology/Sloan School of Management. Numerous other technical, management and business courses augment Mr. Hood's experience. Profile
TWST: Could you provide our readers with a brief overview of Integrated

Medical Systems?

Mr. Hood: Let me do that in two ways. I'll start by telling you about

the need we're filling and our