- Mitchell J. Blutt
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Mitchell J. Blutt is an American physician-businessman, one of the first physicians to play a prominent role on Wall Street[1] by drawing on his medical training to identify investment potential in healthcare ventures. He is the founder and CEO of the New York-based healthcare investment firm Consonance Capital and the former Executive Partner of J.P. Morgan Partners, from which he retired in March 2004. He is also a Clinical Assistant Professor of Medicine in the Department of Medicine at Weill Medical College and the Graduate School of Medical Sciences of Cornell University.
Contents
Physician-Businessman
A 1978 summa cum laude graduate of the University of Pennsylvania, Blutt created his own undergraduate course of study, the precursor to today’s biological basis of behavior major.[2] As a graduate of the university’s medical school (1982) and its Wharton School (1987), where he held the Robert Wood Johnson Foundation Clinical Scholars Fellowship, and upon completion of his medical residency at the New York Hospital/Cornell Medical School, Blutt was hired in 1987 by what became J.P. Morgan Partners. During his 18-year career there he was involved in finding and negotiating acquisitions, primarily in the healthcare industry.[3]
Medicine and Business
From 1987 to 1999, Blutt spent four days at his investment office and one day a week at Cornell University Medical Center to teach and tend to patients. He cited his access to a network of medical professionals whose judgment he trusts an advantage and companies are often reassured when a physician is involved in negotiations for healthcare related investments.[4] While initially Blutt had focused almost exclusively on healthcare, his investment interests expanded to include everything from Israeli high-technology to real estate and show business.
Consonance Capital
Dr. Blutt remains a Clinical Assistant Professor of Medicine at Weill Cornell Medical College. In 2005 he founded Consonance Capital, an investment firm focused on equity investments in the healthcare industry.
Professional Memberships and Services
Blutt has held memberships in dozens of associations and committees and served on numerous boards, among them The Michael J. Fox Foundation for Parkinson’s Research, which is credited with innovations that streamlined the funding process for scientific research.[5] He has been the subject of numerous interviews and profiles in the press, is a sought-after speaker and has contributed articles to scholarly journals as well as columns on “Intelligent Investing” for Forbes.[6] He is a former Trustee of the University of Pennsylvania and of the Brearley School and was on numerous past Boards of Directors, including Cardinal Health and Fisher Scientific.[7] Currently he is a member of the New York Academy of Medicine; the International Board of Governors, Peres Center for Peace; the Board of Directors of Questcor Pharmaceuticals; the Board of Overseers, School of Arts and Sciences, University of Pennsylvania; and the Board of Trustees and Finance Committee of Penn Medicine.[8] His philanthropy at Penn includes multi-million dollar contributions; in 2007, his support was recognized with the School of Medicine’s Alumni Service Award.[1]
Family
Blutt married Margo Krody, a former New York City Ballet dancer in 1993. They have three children, Gillian, Eliza, and Emerson. Dr. Blutt has also written and recorded songs that have appeared in two films, “Kettle of Fish,” and “Secrets of the Code.”[4]
References
- ^ a b [1] PennMedicine, Summer 2007, “Crossing Boundaries with Mitchell Blutt” pp. 18-23
- ^ [2] Penn Medicine, Summer 2007, "Crossing Boundaries with Mitchell Blutt" pp. 18-23
- ^ [3] Zoom info Directory
- ^ a b PennMedicine, Summer 2007
- ^ [4] Fast Company Magazine “Change Agents: Michael J. Fox & Deborah Brooks” p. 2
- ^ [5] Forbes.com
- ^ [6] Forbes
- ^ [7] Bloomberg Businessweek
Categories:- Living people
- Hedge fund managers
- American financial businesspeople
- American physicians
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