OverviewGrowing NASDAQ medical device company seeks a Director, Business Development to identify and execute acquisitions and other strategic transactions. The company has completed 25 acquisitions in the past 28 years and is poised for future acquisitions with a 28% operating margin and over $350 million dollars of gross cash. This highly visible position reports to the President, involves internal C-level interface, as well as interactions with target company management, clinicians and investment bankers. Strong analytical and interpersonal skills are required.
Responsibilities
- Sourcing, evaluating, negotiating and executing acquisitions and other strategic transactions independently and in collaboration with President. Other strategic transactions include but are not limited to divestitures, distribution relationships and distributor terminations.
- Building financial models to evaluate attractiveness of acquisitions and other strategic transactions.
- Conducting clinical and business due diligence, including observing surgical procedures and interventions.
- Managing cross-functional diligence teams.
- Structuring and negotiating term sheets and definitive agreements, as well as managing tactical aspects of closing.
- Assisting in the assessment of product markets to inform the company portfolio and business development strategies by analyzing clinical, competitive, economic and regulatory developments/trends.
- Developing and providing acquisition pipeline update reports to internal constituents.
Pay range $145,000-$175,000 per year plus bonus and equity. The range provided is based on what we believe is a reasonable estimate for the base pay range for this job at the time of posting. The actual base salary pay will be based on a number of factors such as education, qualifications, certifications, experience, and other job-related factors permitted by law.
Qualifications
- Bachelor’s degree required. MBA or advanced degree preferred.
- A minimum of 5 years’ experience in the medical device industry, including business development, corporate strategy or upstream marketing.
- Strong quantitative and qualitative analytic skills, including the ability to analyze financial statements and develop financial models.
- Strong interpersonal skills and ability to collaborate with personnel across all levels of the organization.
- Excellent, demonstrated written and verbal communication skills, particularly for corporate presentations and for investor, physician and industry expert interactions.