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Mr. Petit has served as Chairman of the Board of Matria Healthcare since the formation of the Company through the merger of Healthdyne Maternity Management a subsidiary of Healthdyne Inc. and Tokos Medical Corp. in March 1996 and as Chief Executive Officer since October 2000.
In 1970 Mr. Petit founded Healthdyne an internationally based healthcare company that manufactured high technology healthcare devices provided healthcare information systems and technology and provided healthcare services and disease management.
The Healthdyne related companies grew to annual revenues in excess of $600 million. In order to increase shareholder values Healthdyne was split into several publicly traded companies through public offerings and spinouts to shareholders in 1994. At that point Mr. Petit relinquished the CEO role and remained Chairman of the Board of all the companies. Subsequently the home infusion therapy subsidiary was sold to W. R. Grace Corporation. In 1995 Healthdyne Maternity Management was merged with Tokos Medical to form Matria Healthcare. In 1997 Healthdyne Technologies was merged with Respironics (NASDAQ:RESP). In May 2001 Healthcare.com which was formerly Healthdyne Information Enterprises merged with XCare.net Corporation to form Quovadx (NASDAQ:QVDX). Mr. Petit resumed the duties of President and CEO of Matria Healthcare in October of 2000.
Mr. Petit has served on the Board of Directors of Atlantic Southeast Airlines Inc. and Norrell Corporation and he currently serves on the Board of Directors of Intelligent Systems Corporation and Logility Inc. Mr. Petit has been a member of the Board of Directors of the Georgia Research Alliance which is chartered by the state of Georgia to promote high technology and scientific development in the state and he is a 1994 inductee into the Technology Hall of Fame of Georgia. Mr. Petit funded a professorial chair for Engineering in Medicine at Georgia Tech in 1986. In 1995 he endowed the Petit Institute for Bioengineering and Biosciences at Georgia Tech. | 