From The Atlanta Business Chronicle
July 13, 1998 The Market Millionaires, Part 2
Parker H. "Pete" Petit
Healthdyne Cos.
Parker H. "Pete" Petit, 58, chairman of the board of Healthdyne Cos., is watching his business thrive after a bitter, but unsuccessful takeover attempt of Healthdyne Technologies Inc. last year by Ohio-based Invacare Corp.
Petit founded Marietta-based Healthdyne Inc. in 1970 to manufacture infant monitors after he lost a child to Sudden Infant Death Syndrome (SIDS).
Healthdyne merged in March 1996 with its competitor in the high-risk pregnancy services market, Tokos Medical Corp., to form Matria Healthcare.
A longtime supporter of Georgia Tech, his alma mater, Petit's most recent contribution to the school was $5 million to help create the Parker H. Petit Institute for Bioengineering and Bioscience.
Petit is chairman of the board of Healthdyne Technologies Inc., Healthdyne Information Enterprises and Matria Healthcare. In addition, he is a director of ASA Holdings Inc. and Intelligent Systems Corp.
The most recent filings with the Securities and Exchange Commission (SEC) show that Petit owns about 1 million shares of Healthdyne Information Enterprises, worth $3.7 million at the end of June; 655,457 shares of Matria stock, worth $2.3 million; and 5,000 shares of ASA Holdings Inc., worth $246,875.
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