Richard E. Caruso, Chairman of the Board of Integra LifeSciences Holdings Corporation, Named Ernst & Young Entrepreneur Of The Year 2006 Award Winner in the Greater Philadelphia Region
PLAINSBORO, N.J., July 7, 2006 (PRIMEZONE) -- Integra LifeSciences Holdings Corporation (Nasdaq:IART) announced today that Richard E. Caruso, Chairman of the Board of Directors of the Integra LifeSciences Holdings Corporation, received the Ernst & Young Entrepreneur Of The Year® 2006 Award in the Life Sciences category in the Greater Philadelphia Region. According to Ernst & Young, the award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. Richard E. Caruso was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur Of The Year 20th anniversary gala event at the Hyatt Regency, Penn's Landing on June 23, 2006.
Dr. Caruso has been Integra's Chairman since 1992. Prior to December 1997, he served as CEO from 1992 to 1997 and President since 1995. From 1969 to 1992, Dr. Caruso was a principal of LFC Financial Corporation, a project finance company, where he was also a director and Executive Vice President. Dr. Caruso is on the Board of Susquehanna University, the Baum School of Art and the Uncommon Individual Foundation (Founder). He received a B.S. degree from Susquehanna University, an M.S.B.A. degree from Bucknell University and a Ph.D. degree from the London School of Economics, University of London.
Richard E. Caruso, Ph.D. founded Integra LifeSciences in 1989 with a vision that the human body could be enabled to regenerate many of its own damaged or diseased tissues. His vision helped create the branch of medicine known as regenerative medicine. In 1996, Integra received approval from the FDA to market the INTEGRA Dermal Regeneration Template® as a skin replacement system with a claim for regeneration of dermal tissue for the treatment of life-threatening burns and repair of scar contractures. As a result, Integra became the first company to develop and bring to market an approved tissue regeneration product. Today, Integra LifeSciences Holdings Corporation is a diversified medical technology company that develops, manufactures, and markets medical devices for use in a variety of applications. The primary applications for its products are neurosurgery, reconstructive surgery and general surgery.
"Integra would not be what it is today if not for the efforts of its dedicated team of individuals," said Dr. Caruso. "It is not one individual that makes a company, but the shared vision of several individuals working for a common cause. Integra's accomplishments over the last several years have been made possible under Stuart Essig's leadership. He and his management team have helped Integra establish a strong and deep foundation for the continued growth of the company."
The Ernst & Young Entrepreneur of the Year® awards program celebrates its 20th anniversary this year and continues to honor entrepreneurs who have demonstrated excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. "Ernst & Young is proud of its history in recognizing these outstanding leaders and their companies," said Chris Bruner, Ernst & Young Entrepreneur Of The Year program director for the Greater Philadelphia Region.
As a Greater Philadelphia award winner, Richard E. Caruso is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year® 2006 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 18, 2006. The overall national Entrepreneur Of The Year award recipient is then considered for the world event held in Monte Carlo.
Integra is a leader in applying the principles of biotechnology to medical devices that improve patients' quality of life. Its corporate headquarters are in Plainsboro, New Jersey, and manufacturing and research facilities are located throughout the world. We have approximately 1,600 employees. Please visit our website at http://www.Integra-LS.com.
CONTACT: Integra LifeSciences Holdings Corporation
John B. Henneman, III, Executive Vice President
Chief Administrative Officer
(609) 936-2481
jhenneman@Integra-LS.com
Maria Platsis, Vice President of Corporate Development
(609) 936-2333
mplatsis@Integra-LS.com