Steven I. Geringer
XMi High Growth Development Fund, LLC
Steve Geringer, a native of Tennessee, has a long career in the healthcare industry which includes: hospital ownership; managed care; pharmaceutical benefits management;medical devices; ambulatory surgery centers; and, behavioral health and human services programs. His primary focus has been on corporate development and growth, and sales and marketing.
Mr. Geringer served as President and CEO of PCS Health Systems, Inc., a pharmaceutical benefits manager, following its acquisition of Clinical Pharmaceuticals, Inc., a Tennessee-based company of which he was co-founder, chairman and CEO. Mr. Geringer was credited with the rapid growth of PCS which 18 months after his appointment, was acquired by Eli Lilly & Co. for $4.1 billion equating to 500% more than the amount offered immediately prior to his appointment.
Since 1997, Mr. Geringer has served on the Board of Amsurg Corporation (NASDAQ: AMSG), an ambulatory surgery center company with over 190 centers throughout the U.S and 2008 revenues of $600 million. Owned in partnership with local physicians, the centers focus on the gastro-intestinal and ophthalmology specialties. Mr. Geringer was recently elected Chairman of the company.
When Camelot Care Corporation, a Tennessee-based company providing social services programs and a company of which Mr. Geringer was an investor and a director, was acquired by Providence Service Corporation (NASDAQ: PRSC), Mr. Geringer became a director and served the company until 2008.
Mr. Geringer is an active mentor through his service as chairman of three other Tennessee-based companies: Qualifacts Systems, Inc., a software services company serving the behavioral health and human services markets; CredenceHealth, Inc., a real-time provider of clinical information for patient care decision-making in hospitals; and, Clinical Solutions, Inc., a provider of pharmacy systems and services for correctional institutions. Steve also serves on the board of CCRx, Inc. which provides institutional pharmacy services to long-term care institutions.
Mr. Geringer is an executive board member of Cressey & Company, one of the most respected venture capital firms in the U.S. managing over $1 billion in assets. Previously, he was a member of senior management at Hospital Affiliates International (acquired by HCA); American Medical Centers (also acquired by HCA); and, HealthAmerica Corporation (acquired by Maxicare). All of the above companies were based in Tennessee.
Mr. Geringer received a B.S. in Economics degree from the Wharton School of the University of Pennsylvania.