|Name||Fred D. Lampropoulos|
, Utah , United States
|Last Modifed||User 13|
Mar 06, 2004 03:01pm
|Info||Founder of Merit Medical in 1987, Chairman, President and CEO. Formerly Chairman and President of Utah Medical, Salt Lake City, Utah. Fred Lampropoulos has been in the medical device business over 20 years. He is the inventor or co-inventor on more than 100 patents of devices used in the diagnostic and therapeutic treatment of cardiovascular disease. In 1993 Mr. Lampropoulos received Salt Lake City's Entrepreneur of the Year award for his contributions to the medical device industry and Merit Medical. He was recently honored as Father of the Year for Utah, sponsored by the American Diabetes Association, and the American Heart Association has designated him as a "Heart of Utah" for 2003. |
The life story of Merit Medical CEO Fred Lampropoulos reads like a dime novel of the early 1900s.
His father moved the family to Salt Lake City in 1964 with nary a penny in his pocket. Fred remembers spending the first few nights after the move sleeping in the car because the family had nowhere to go — no friends, no relatives, and certainly not a house.
Fred started Merit Medical, along with co-founder Kent Stanger, in 1987. Fred had worked previously as a stock broker, and then as CEO of Utah Medical. He thought carefully about choosing the name of his new company. He hoped that it would be a description of its services and products.
Recently, Merit Medical was ranked by Fortune Magazine's list of America's 100 Fastest Growing Small Companies and Business Week's 100 Hot Growth Companies. Perhaps even more commendable is the fact that Merit was the only company in Utah to make either list. In a similar ranking, Forbes magazine ranked Merit number 53 out of 200 Best Small Companies in America.