University of Southern California

Volcano CEO Talks about Saving Lives with Medical Device Startups
USC Marshall Undergraduate Alumnus R. Scott Huennekens Discusses Growing a Medical Device Firm
March 23, 2009 • by News at Marshall

WHAT: The USC Health Care Business Club presents an evening with R. Scott Huennekens, Volcano Corporation President and CEO. Huennekens will discuss the process of taking a company public and how medical device companies are in saving lives.

Volcano develops and manufactures products for minimally invasive treatment of atherosclerosis in the coronary and peripheral arteries. The market potential for products Volcano is selling and developing is over $2 billion.

Huennekens started as the company's 11th employee, and has led Volcano from a pre-revenue start-up to its IPO in June 2006, which included raising more than $200 million of private and public equity. The company now has more than 1,000 employees and over 800 million in market capitalization. Volcano's stock was the No. 1 performing Med Tech IPO of 2006 and is up approximately 100% since its IPO. Volcano’s current revenue run rate is over $200 million and has been growing at a rate in excess of 30% per year. The company's revenues are global in nature with about 50% in the U.S. and 50% outside the U.S.

WHO: Scott Huennekens has served as President and Chief Executive Officer of Volcano Corporation and Chairman of the Board of Directors since April 2002. Before joining Volcano, Huennekens served as the President and CEO of Digirad Corporation, a medical imaging company. Huennekens holds a B.S. in Business Administration from the University of Southern California and an M.B.A. from Harvard University

WHEN: Thursday, March 26, at 7:30 p.m.

WHERE: Hoffman Hall, Room 1 on the University Park campus

RSVP: Please RSVP to uschcbc@gmail.com or the USC Health Care Business Club Facebook Event group click here.

MORE: Light refreshments will be served.


About the USC Marshall School of Business
Consistently ranked among the nation's premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world's leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities. With an alumni community spanning 123 countries, USC Marshall students join a worldwide community of thought leaders who are redefining the way business works.