Healthcare >> CEO Interviews >> March 20, 2003
DAVID K. BLUME is Managing Director of Edgemont Capital Partners,
LP. He has spent his entire 15-year professional career in
investment banking, focusing exclusively on health care for the
past nine years. He has completed over 50 transactions,
representing more than $25 billion in value, including mergers
and acquisitions, fairness opinions, partnerships, joint
ventures, public and private equity and debt securities issuance
and general strategy and financial advisory services. Mr. Blume's
healthcare experience covers a broad range of industry sectors,
including pharmaceuticals (large capitalization and specialty)
pharmaceutical outsourcing (contract research organizations and
pharmaceutical sales and marketing companies) healthcare
information technology, distribution, medical devices, diagnostic
equipment, managed care, home healthcare, institutional pharmacy
and pharmaceutical benefit management. His clients have ranged
in size from startups to Fortune 50 companies. Mr. Blume's
transaction experience includes the sell-side representation in
the largest CRO transaction to date and buyside representation in
one of the largest non-pharmaceutical healthcare transactions of
all time. Prior to co-founding Edgemont Capital Partners, he was
a Senior Vice President in Lehman Brothers' Healthcare Group
where he led the coverage teams for specialty pharmaceuticals,
pharmaceutical outsourcing and healthcare information technology.
He joined Lehman Brothers from Bear, Stearns & Co., where he was
a Managing Director. At Bear Stearns, he founded the firm's
pharmaceutical outsourcing coverage team, which completed five
transactions in its first 14 months. Mr. Blume joined Bear
Stearns from Prudential Securities Inc. where he worked in the
private equity and debt placement group. Prior to this, he was an
Associate at Patricof & Co. Capital Corp. where he worked with
venture capital-backed companies. He began his career as a
Financial Analyst at Salomon Brothers Inc. He graduated from
Haverford College with a Bachelor of Arts degree in Philosophy in
1988. Mr. Blume has prior entrepreneurial experience. In college
he founded and managed Skeeter's Pizza, a student-operated pizza
restaurant and delivery service. Skeeter's quickly became a
school institution, delivering to college students on limited
budgets. Skeeter's employed 45 students part-time each semester
and helped finance his college living expenses. Skeeter's, now in
its 17th year of operation, was financed 100% by Mr. Blume and he
sold the business to the Haverford College Students Association
upon his graduation. Mr. Blume is a Board member of the Rutgers
University Venture Action Committee. Profile
Mr. Blume: Edgemont Capital is a specialty healthcare investment
banking advisory firm, focused predominately on the
