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Shlomo Ben-Haim

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Shlomo Ben-Haim
Shlomo Ben-Haim
Born
Israel
OccupationEntrepreneur
Known forCo-founder of Biosense Inc.
RelativesAmit Ben-Haim (brother)

Shlomo Ben-Haim (Hebrew: שלמה בן-חיים) is an Israeli-born professor of medicine, a serial entrepreneur specializing in the fields of healthcare and biotech, and a philanthropist.[1][2] He is the co-founder of Biosense Inc., Spectrum Dynamics LLC., Radiancy Inc., X-Technologies, Impulse Dynamics, InStent Inc., Disc-O-Tech Ltd. and EPD Solutions Ltd.[3][4][5][6][7][8] He is the inventor of about 560 patents and patent applications.[9]

Academic appointments

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Ben-Haim has held faculty positions at both Harvard University and the Technion – Israel Institute of Technology as a Professor of Medicine, Physiology and Biophysics.[2] He has authored or co-authored about 450 scientific papers in peer-reviewed journals.[10] He held the role of Chief Scientist at Johnson & Johnson's Biosense-Webster.[11]

Business ventures

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Ben-Haim founded, co-founded and presided over a number of businesses, mainly in the healthcare and biotech fields.[1] In 1993, he co-founded Biosense Inc with his brother Amit Ben-Haim.[12] (which subsequently merged with Webster to form Biosense-Webster Inc. under Johnson & Johnson).[13] Amit Ben-Haim went on to found failed health wearables brand CloudTag. [14] In 1996, he co-founded Impulse Dynamics with American entrepreneur Lewis Pell.[3] In 2000 Impulse Dynamics participated in a three-party transaction with Guidant and US-based healthcare company Johnson & Johnson[15] and, in 2005, it was announced that Johnson & Johnson invested $80 million in Impulse Dynamics.[3] Ben-Haim also co-founded Spectrum Dynamics LLC., a company specializing in cardiac molecular imaging.[6] In 2013, the assets of Spectrum Dynamics were acquired by Biosensors International Group, with whom Spectrum Dynamics formed a joint-venture to develop non-cardiac products.[6][16]

Other companies in the healthcare industry that Ben-Haim has co-founded to date include: InStent Inc. that was merged into Medtronic;[8][17] Disc-O-Tech Ltd. that was merged into Kyphon which subsequently merged into Medtronic;[4][18] Radiancy Inc. that was later merged into Photomedex;[7] X-Technologies that was later merged into Guidant which subsequently merged into Boston Scientific;[5][19][20] and EPD Solutions that was acquired by Philips.[21] Ben-Haim also co-founded various other medical device and biomedical firms in the fields of cardiology, obesity, diabetes, esthetics and cosmetics, antiviral medications, deep vein thrombosis prevention, therapy for limb ischemia, and post-stroke and sports-injuries rehabilitation.[1] Ben-Haim serves or served as executive chairman of Impulse Dynamics, Spectrum Dynamics LLC. and Motorika Limited.[22]

Ben-Haim is the founder and Chairman of Goji Food Solutions, a company that is developing innovative energy delivery technology.[23] In 2010, ITW invested $50 million into Goji Food Solutions (which was at the time was known as RF Dynamics.)[24]

The companies Ben-Haim founded or co-founded which were subsequently sold or merged generated about US$2 billion as detailed in the table below:

Company Exit Value (US $ MM) Acquired By
Biosense Inc. 427 Johnson & Johnson [5]
Disc-O-Tech Ltd. 220 Kyphon (subsequently Medtronic) [4][18]
Instent Inc. 214 Medtronic [8][17]
X-Technologies 200 Guidant (subsequently Boston Scientific) [5][19][20]
Impulse Dynamics* 125 Johnson & Johnson [15]
Spectrum Dynamics LLC. 51 Biosensors International Group Ltd.[6]
Radiancy Inc. 252 PhotoMedex, Inc.[7]
EPD Solutions Ltd. 537 Philips [8]
Total 2,026

* the three-way deal between Guidant, Johnson & Johnson and Impulse Dynamics.

Philanthropy

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Ben-Haim co-founded Bridge to the Future, a charitable foundation dedicated to improving health and education in underserved communities in Israel.[25][26] Ben-Haim is a partner in Atidim, a philanthropic organization aiming at lowering social and financial gaps in society in Israel.[25][27]

In 2014, Ben-Haim gave a multi-million philanthropic gift for the establishment of a new Harvard Medical School (HMS) endowed professorship at HMS's teaching hospital (Beth Israel Deaconess Medical Center) in honor of Mark Josephson, M.D., chief of the Division of Cardiovascular Medicine and director of the Harvard-Thorndike Arrhythmia Institute.[28]

In 2018, Ben-Haim invested in social-impact fintech platform Kaleidofin based in India.[29]

Awards

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In 2012, Ben-Haim received an award for his work in Internal Medicine from the Medicine Alumni Society of Iowa.[30] In 2014, he was recognized by the Beth Israel Deaconess Medical Center as "an internationally acclaimed cardiologist who developed new ways to correct life-threatening problems in the electrical system of the human heart."[31]

References

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  1. ^ a b c "Straight from the Heart" (PDF). No. January 2016. The CEO Magazine. Retrieved 25 August 2019.
  2. ^ a b "All heart: Shlomo Ben-Haim". The CEO Magazine. 17 December 2015. Retrieved 25 August 2019.
  3. ^ a b c "Johnson & Johnson Invests $80m in Impulse Dynamics". Haaretz. 15 May 2005. Retrieved 25 August 2019.
  4. ^ a b c "Kyphon buys Herzliya's Disc-o-Tech for USD 240 million". No. 22 December 2006. Ynet News. Retrieved 25 August 2019.
  5. ^ a b c d "Philips buys Israeli cardiac imaging company EPD Solutions". No. 2 June 2018. Israel 21c. Retrieved 25 August 2019.
  6. ^ a b c d "Biosensors Completes Spectrum Dynamics Assets Acquisition". PR Newswire. 26 May 2013. Retrieved 25 August 2019.
  7. ^ a b c "Radiancy's New Aesthetic Biomed Subsidiary Coming Home: PhotoMedex Looking at Dual-listing on Ahad Ha'am". Haaretz. 20 April 2012. Retrieved 25 August 2019.
  8. ^ a b c d "Philips to pay $292M upfront for AF ablation startup EPD". Fierce Biotech. 5 June 2018. Retrieved 25 August 2019.
  9. ^ "Search results for Shlomo Ben-Haim". Espacenet. Retrieved 25 August 2019.
  10. ^ Ben-Haim, Shlomo. "Search results for Shlomo Ben-Haim". Crossmark. Retrieved 3 November 2014.
  11. ^ "Editorial Team". Journal of Advanced Therapies and Medical Innovation Sciences. J-Atamis.org. Retrieved 25 August 2019.
  12. ^ Barbanel, Josh (2008-06-15). "Billionaires Go Shopping". The New York Times. ISSN 0362-4331. Retrieved 2021-08-03.
  13. ^ Weinreb, Gali. "Israeli development centers of healthcare giants have an annual turnover of billions of dollars". Globes. Retrieved 3 November 2014.
  14. ^ "CloudTag pledges to return after delisting from Aim". Proactiveinvestors UK. 2017-03-28. Retrieved 2021-09-04.
  15. ^ a b "J&J Strikes Heart Device Deal With Guidant". LA Times. Retrieved 3 November 2014.
  16. ^ Weinreb, Gali. "Biosensors buys Spectrum Dynamics". Globes. Retrieved 3 November 2014.
  17. ^ a b "Medtronic buys InStent for $214 mm in stock". Pharma Intelligence. March 1996. Retrieved 25 August 2019.
  18. ^ a b "Medtronic Buys Kyphon For $3.9 Billion". Forbes. 27 July 2007. Retrieved 25 August 2019.
  19. ^ a b "Guidant buys X-Technologies for $200m". Globes. 10 March 2003. Retrieved 25 August 2019.
  20. ^ a b "Boston Scientific and Guidant Announce Signing of Merger Agreement Valued at $27 Billion". Bostonscientific.com. Retrieved 25 August 2019.
  21. ^ "Philips to expand its Image-Guided Therapy portfolio with the acquisition of EPD Solutions". Philips.com. Retrieved 25 August 2019.
  22. ^ "Shlomo Ben-Haim". Pitchbook.com. Retrieved 25 August 2019.
  23. ^ "Miele Introduces The Dialog, A High-End Oven Powered By RF Solid State Cooking Technology". The Spoon. 31 August 2017. Retrieved 25 August 2019.
  24. ^ Gilad, Assaf (2 July 2012). "Ben-Haim's magic oven company raises NIS 20M". Y-Netnews.com. Y-Net Business and Finance. Retrieved 5 November 2014. NEA joins the US conglomerate ITW which has invested $50 million in RF Dynamics in 2010.
  25. ^ a b "Professor Shlomo Ben-Haim, Founder Hobart Group". The Pharma Letter. Retrieved 25 August 2019.
  26. ^ "Home page". Bridge to the Future. Retrieved 25 August 2019.
  27. ^ "About". Atidim. Retrieved 25 August 2019.
  28. ^ "Electrophysiology Pioneer Mark Josephson Honored with Professorship". Newswise. 19 September 2014. Retrieved 25 August 2019.
  29. ^ "Kaleidofin raises Rs 18 crore in seed round led by Omidyar Network". India Times. 9 April 2018. Retrieved 25 August 2019.
  30. ^ "Past Alumni Award Recipients". Iowa Healthcare. Archived from the original on 3 November 2014. Retrieved 3 November 2014.
  31. ^ "Ben-Haim Professorship Established in Cardiac Electrophysiology". Harvard. Retrieved 3 November 2014.
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