Dick Allen has over 35 years experience in the health care industry, both as an operating executive and as a seed capital investor in early-stage medical device and health care service companies. He spent the first ten years of his career with Baxter International during its heydays of the 1960s and ‘70s. While at Baxter, Dick held management positions in several functional areas, including a four-year stint in Brussels as the top finance executive for all of Europe and a two-year assignment as the general manager of a $45 million business unit with 27 locations and 350 employees.

After leaving Baxter, Dick co-founded Caremark, the venture-backed pioneer of the commercial home infusion therapy market. His initial responsibilities as a vice president of the company were for finance and operations, and he was also instrumental in the development of the strategic plan for the company. Caremark enjoyed rapid growth, establishing branch offices across the country and reaching annualized revenues of $225 million within eight years of its founding. After a successful public offering in 1982, the company was acquired five years later by Baxter for $575 million.

Since 1987, Dick has been President of DIMA Ventures, a private firm that provides seed capital and board-level support for start-up companies in the medical device and health care service markets. In this capacity, he has been a board member and founder or early-stage private investor in a number of companies. He co-founded Pyxis Corporation, a manufacturer and marketer of hospital-based automated prescription storage and dispensing devices. Dick helped to define the strategic direction for the company and served on the executive committee of its board of directors. Pyxis grew rapidly to revenues of $200 million and net profit of $35 million within nine years of its founding. After going public in 1992, the company was subsequently acquired by Cardinal Health for roughly $1 billion in 1996.

Dick has played an active board/early investor role for such companies as Menlo Care (I.V. access devices; acquired by Johnson & Johnson), Intraluminal Devices (AAA stent/graft technology; acquired by CardioVascular Dynamics), Flex-Foot (prosthetic devices; acquired by OSSUR North America), Micro Therapeutics (minimally invasive devices for neurovascular diseases; public), Med-Mart (home respiratory therapy services; private), Alteer (internet-based software for physician offices; private), Sub-Q (femoral artery closure devices; private), and IntelliDot (healthcare information technology; private). He currently serves as the Chairman of the Board for Alteer, and is on the board of directors at Med-Mart, Sub-Q, and IntelliDot. Dick was also an early-stage private investor in several other health care companies that went on to enjoy significant success. These include Informed Access (triage information systems; acquired by Access Health), Tropix (diagnostics; acquired by Perkin Elmer), and Genetics Institute (biotechnology; acquired by American Home Products).

Between his Caremark and DIMA experiences, Dick enjoyed a ten-month volunteer stint as the Southern California Regional Director for a U.S. Senate Campaign. He also taught for four years as a Lecturer in Management at the Stanford Graduate School of Business, offering a course in Entrepreneurship to second-year MBAs. He is currently the Chairman of the Board of Directors at Hoag Memorial Hospital Presbyterian in Newport Beach, California. He is a past Chairman of the Board of Directors of the Orange County Business Council and a past recipient of the Director of the Year award from the Orange County Forum for Corporate Directors. He and his wife are active in the Orange County chapter of the Juvenile Diabetes Research Foundation, an organization focused on raising money to fund diabetes research.

Dick received his B.S. degree (cum laude) from Yale University and an M.B.A. from Stanford University Graduate School of Business. He was born and raised in Sioux City, Iowa and has been married to his wife, Mary, for 37 years. They live in Newport Beach, California and have two grown children and two grandchildren.