Richard Caruso
Encyclopedia
Richard E. Caruso, PhD, is a serial entrepreneur. He is the founder and chairman of Integra Life Sciences and other companies. In 2006, Caruso was named the Ernst and Young National Entrepreneur of the Year for the United States
.
, a MSBA degree from Bucknell University
, and a PhD degree from the London School of Economics
.
. From there he 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 was 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 companies including First Sterling Bank, Advanced Voting Solutions, Inc., American Capital Mutual Funds, American Revolution Center and the Medici Archive Project. Dr. Caruso is also an advisor to Quaker BioVentures, a venture capital firm, and Infegy, a leading social media analytics company.
, The Baum School of Art and the Business Performance Group of the London School of Economics
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
Education
Dr. Caruso received a BS degree from Susquehanna UniversitySusquehanna University
Susquehanna University is a liberal arts college in Selinsgrove, Pennsylvania, United States, north of the state capital, Harrisburg.-Academics:...
, a MSBA degree from Bucknell University
Bucknell University
Bucknell University is a private liberal arts university located alongside the West Branch Susquehanna River in the rolling countryside of Central Pennsylvania in the town of Lewisburg, 30 miles southeast of Williamsport and 60 miles north of Harrisburg. The university consists of the College of...
, and a PhD degree from the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
.
Entrepreneurial successes
After college Caruso began his career with PriceWaterhouse & Co in Philadelphia as a certified public accountantCertified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
. From there he 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
Rustler Steak House
Rustler Steak House was a family-style steak house restaurant with locations in the Mid-Atlantic United States. Rustler was in the same category as restaurants like the Ponderosa and Sizzler steak house chains....
before its acquisition by Sizzler
Sizzler
Sizzler is a United States-based restaurant chain with headquarters in Culver City, California. The chain serves steak, seafood, and salad , as well as similar items.-History:...
.
In 1989, Caruso founded Integra LifeSciences
Integra LifeSciences
- Limit Uncertainty :Integra LifeSciences Corporation, based in Plainsboro, New Jersey, a global leader in medical devices and regenerative medicine, is dedicated to limiting uncertainty for surgeons, so they can focus on providing the best patient care. Integra is a publicly traded company and is...
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
Regenerative medicine
Regenerative medicine is the "process of replacing or regenerating human cells, tissues or organs to restore orestablish normal function". This field holds the promise of regenerating damaged tissues and organs in the body by replacing damaged tissue and/or by stimulating the body's own repair...
. Integra has a market capitalization in excess of $900 million.
In 1996, Caruso became a founding shareholder of Interactive Investor International. This company was 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 companies including First Sterling Bank, Advanced Voting Solutions, Inc., American Capital Mutual Funds, American Revolution Center and the Medici Archive Project. Dr. Caruso is also an advisor to Quaker BioVentures, a venture capital firm, and Infegy, a leading social media analytics company.
Awards and honors
In 2000, Dr. Caruso was the recipient of the New Jersey Entrepreneurial Leadership Award in Biomaterial Science. In 2006, Dr. 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
Dr. 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, or is serving, on the Boards of Susquehanna UniversitySusquehanna University
Susquehanna University is a liberal arts college in Selinsgrove, Pennsylvania, United States, north of the state capital, Harrisburg.-Academics:...
, The Baum School of Art and the Business Performance Group of the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
.