White Pine Medical (WPM) was founded in February 2010 and plans to acquire late-stage development medical devices or publically-held companies with products that have already been launched. WPM's President and CEO is Dan Lemaitre, former CEO of CoreValve which was acquired in 2009 for $700MM in cash. Prior to CoreValve, Mr. Lemaitre was Senior Vice President of Strategy at Medtronic. Essex Woodlands Health Ventures provided the Series A funding for White Pine Medical and has committed up to $50MM to support acquisition activities. WPM expects to tap additional sources of equity capital as investment opportunities dictate