Richard Caruso

Richard E. Caruso, PhD, is an entrepreneur. He is the founder and chairman of Integra Life Sciences and other companies.^[1] In 2006, Caruso was named the Ernst and Young National Entrepreneur of the Year for the United States.

Education

Caruso received a BS degree from Susquehanna University, a MSBA degree from Bucknell University, and a PhD degree from the London School of Economics.

Entrepreneurial successes

After college Caruso began his career with PriceWaterhouse & Co in Philadelphia as a certified public accountant. From there he joined LFC Financial Corporation rising to be its executive vice president and a director.

In 1978, Caruso founded The Provco Group a group which organizes and provides funding for a variety of entrepreneurs and complex business activities. According to the company’s website, it currently manages more than a half a billion dollars in assets.

In 1982, Caruso founded Tenly Enterprises. Tenly acquired and operated Rustler Steak House before its acquisition by Sizzler.

In 1989, Caruso founded Integra LifeSciences and took it public in August 1995 listing on the National NASDAQ Market under the symbol “IART”. Caruso built Integra by acquiring unused technology from other companies, principally Marion Laboratories, to create a new branch of medicine now known as regenerative medicine. Integra has a market capitalization in excess of $900 million.

In 1996, Caruso became a founding shareholder of Interactive Investor International. This company went public on the NASDAQ and London Stock Exchange before being acquired in 1999 by Advanced Voting Solutions, Inc.

Caruso serves on various boards of other organizations including First Sterling Bank, Advanced Voting Solutions, Inc., American Capital Mutual Funds, Museum of the American Revolution and the Medici Archive Project. Caruso is also an advisor to Quaker BioVentures, a venture capital firm, and Infegy, a social media analytics company.

In 1992, Dartmouth Press published Caruso’s book Mentoring in the Business Environment.

Awards and honors

In 2000, Caruso was the recipient of the New Jersey Entrepreneurial Leadership Award in Biomaterial Science. In 2006, Caruso received the prestigious Ernst & Young and Kauffman Foundation sponsored Greater Philadelphia Entrepreneur of the Year Award for his work with Integra LifeSciences Corporation and, subsequently, went on to Palm Springs, California to win both the National Award in the Health Sciences category as well as the Overall National Entrepreneur of the Year Award.

Philanthropic work

Caruso is the founder and director of The Uncommon Individual Foundation, a non-profit foundation that encourages people to become entrepreneurs of their lives. (www.uif.org). He has served on the Boards of Susquehanna University, The Baum School of Art and the Business Performance Group of the London School of Economics.

References

See also