MINNEAPOLIS, April 3 /PRNewswire/ — Thomas, McNerney & Partners, LLC, a health care venture capital firm that invests in life science and medical technology companies, today announced that Michael DeMane has joined as Senior Advisor in the firm’s Minneapolis office. From 2000 to 2008, Mr. DeMane held various senior positions at Medtronic Inc.’s (NYSE: MDT – News) U.S. and global operations, most recently as its Chief Operating Officer.
“Michael is a proven leader in the medical device industry with an unbroken record of global operating success,” said Pete McNerney, Partner. “His extensive knowledge and industry contacts will be a valuable addition to our investment team, both in working with our existing portfolio and in reviewing potential new investments.”
Mr. DeMane has more than 25 years of global medical device experience. Prior to his role as Chief Operating Officer at Medtronic, he served as Senior Vice President and President, Europe, Canada, Latin America and Emerging Markets. Previously he was Senior Vice President and President, Spinal, ENT and Navigation, Medtronic’s fastest growing business sector, where he was responsible for growing the acquired businesses of Sofamor Danek, Xomed and Surgical Navigation Technologies. Prior to joining Medtronic, Mr. DeMane was President, Interbody Technologies, a division of Sofamor Danek and he held various senior positions at Smith & Nephew, Inc. including Managing Director for operations in Australia and New Zealand and President of the Orthopedic Implant Division. “Thomas, McNerney & Partners has extensive investment experience and wide contacts in the medical technology industry,” said Mr. DeMane. “I look forward to assisting them with their portfolio companies and investment process.”