Healthcare >> CEO Interviews >> January 3, 2003
PARKER H. 'PETE' PETIT is Chairman of the Board, President and
Chief Executive Officer of Matria Healthcare, Inc. In 1970, Mr.
Petit founded Healthdyne, an internationally based manufacturer
of high technology healthcare devices, a provider of healthcare
information systems and technology, and a provider of healthcare
services and disease management services. The Healthdyne related
companies grew to annual revenues in excess of $600 million. In
order to increase shareholder value, Healthdyne was split into
several publicly traded companies through public offerings and
spinouts to shareholders in 1994 and 1995. In 1996, Healthdyne
Maternity Management was merged with Tokos Medical to form Matria
Healthcare. At that point, Mr. Petit relinquished the CEO role
and remained Chairman of the Board of all the companies.
Healthdyne Technology subsequently merged with Respironics
(NASDAQ:RESP) and Healthdyne Information Enterprises merged with
XCare.net to form Quovadx (NASDAQ:QVDX). Mr. Petit resumed the
duties of President and CEO of Matria Healthcare in October 2000. Profile
Mr. Petit: Matria is one of the leaders in the new and rapidly
emerging segment of health care that involves disease
