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Core Oncology - a Management Buyout in Medical Devices
Date: February 20, 2008
Location:Santa Barbara
"Core Oncology - a Management Buyout in Medical Devices" Central Coast MIT Forum. What do you do when the new parent company of your division decides it does not fit the corporate strategy? This was the situation facing the management of Mentor Urology Divisionís cancer radiation therapy business after Mentor sold that division to Coloplast, a Danish medical devices company. Travis Gay, the general manager of the radiation therapy business, decided to lead a management buyout (MBO) effort. He believed there was more potential for the business than did other prospective bidders. Core Oncology was formed in 2006 by Travisí management team and it was successful in closing the buyout of the business in mid-2007. See
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