Biography of "Pete" Petit


Georgia Institute of Technology

Bachelors in Mechanical Engineering CO-OP Plan 1957-1962

Georgia Institute of Technology

Masters of Science in Engineering Mechanics 1962-1964

Georgia State University

MBA in Finance 1971-1973


Mr. Pete Petit joined MiMedx Group in February 2009 as the Company’s Chairman and Chief Executive Officer. A visionary healthcare executive, he has a history of developing companies from their emerging stages and leading them to maturity and significant stature in their respective markets.

In 1970, Mr. Petit founded Healthdyne, an international healthcare company that manufactured high technology healthcare devices, provided healthcare information systems and technology, and provided healthcare services and disease management. The Healthdyne related companies grew to annual revenues in excess of $1 billion. In order to increase shareholder values, Healthdyne was split into several publicly traded companies through public offerings and spinouts to shareholders in 1995. Subsequently, the home infusion therapy subsidiary was sold to W. R. Grace Corporation. In 1995, Healthdyne Maternity Management was merged with Tokos Medical to form Matria Healthcare.

Pete Petit speaking at conference

In 1997, Healthdyne Technologies was merged with Respironics. Mr. Petit resumed the duties of Chairman and CEO of Matria Healthcare in 2000. In 2001,, which was formerly Healthdyne Information Enterprises, merged with Corporation to form Quovadx.

Through Pete's vision and leadership, Matria Healthcare transitioned into the industry’s only fully integrated health, productivity and disease management care continuum providing employer and health plan clients access to wellness programs, nurse triage services, decision support programs, disease management programs for chronic diseases, case management programs for acute and catastrophic conditions and unparalleled health data integration and informatics. Matria Healthcare was sold to Inverness Medical Innovations in May of 2008 in a transaction valued at over $1.2 billion.

Mr. Petit served on the Board of Directors of Atlantic Southeast Airlines for 16 years until it was acquired by Delta Airlines, and Norrell Corporation, which was acquired by Spherion Corporation. He was on the Board of Directors of Intelligent Systems Corporation for 18 years before retiring.

He currently serves as President of The Petit Group, an Investment Management Organization.

He is a member of the Board of Directors of the Georgia Research Alliance, which is chartered by the state of Georgia to promote high technology and scientific development in the state, and he is a 1994 inductee into the Technology Hall of Fame of Georgia.

Mr. Petit funded a professorial chair for "Engineering in Medicine" at Georgia Tech in 1986. In 1995, he endowed the Petit Institute for Bioengineering and Biosciences at Georgia Tech. In 2001, he helped fund the biotechnology building at Georgia Tech which has his name and in 2004 the Science Center building at Georgia State University which also has his name. In 2007, he was inducted into the Georgia State Business School Hall of Fame and the Georgia Tech Engineering Hall of Fame. In October of 2011, he was inducted into the National Academy of Engineering.