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Paracor Medical

225 Humboldt Court
Sunnyvale, CA 94089
USA
(408) 734-6000
Website Company Summary Management Team
Team

Management: William G Mavity (CEO/Chairman) Kathi Guerrant (VP Clinical Affairs)Russell J Ivanhoe (VP Medical Affairs) Peter M Martin (VP Operations & Quality Assurance) Morris Chubb (CFO)
Advisory board: Donald A Lucas (RWI Group)
Board observer: Ellen Koskinas (InterWest Partners Partner)
Company

Business description: Paracor Medical is an innovative medical device company focused on providing unique, technology-driven solutions for the treatment of heart failure. Founded in 1999, Paracor was established to pursue new and innovative ways to treat heart failure (HF) that would not require the patient to undergo open chest surgery. Paracor engineers recognized that a mechanical approach to reducing the workload of a failing, diseased heart muscle could be a new and effective solution. Paracor's HeartNet™ Ventricular Elastic Support Therapy provides the failing heart with a mechanical means to offload the weakened heart muscle. This may in turn reduce patient symptoms, increase activity and exercise capacity, and slow or halt the heart failure disease process. The HeartNet™ Therapy is a less-invasive surgical procedure that allows the surgeon to place a super-elastic support device over the ventricles in patients who suffer from HF, while avoiding a "sternotomy" and the need to stop the heart and go on "by-pass".
Capital

Rounds: 4
Recent fundings: Jun 2007   May 2004
Capital raised: 92.1M
Last Round: 44.3M
Ownership: Private  

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Overview
Record updated: Oct 2009
Sector: Medical
Year Founded: 1999
Rounds: 4
Recent fundings: Jun 2007   May 2004
Capital raised: 92.1M
Last Round: 44.3M
Ownership: Private