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To: Andrew H who wrote (6405)	11/25/1998 1:41:00 PM
From: Emec	Respond to of 15094

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.

To: Andrew H who wrote (6405)	11/25/1998 1:43:00 PM
From: Emec	Read Replies (3) \| Respond to of 15094

at least he is charitable. Maybe he is selling to raise the $5 million? April 20, 1998 Biomedical industry gets a boost Petit Institute's new Georgia Tech building will house a business incubator Andy Peters Staff Writer With a gift of $5 million, Parker H. "Pete" Petit hopes to change the world. "Some of the most exciting developments this century will be in the biomedical development, and I certainly believe that Atlanta has all the resources to be a major participant," Petit said. The $5 million donation helped create the Parker H. Petit Institute for Bioengineering and Bioscience at Georgia Tech. The interest from the donation will be used for the Institute's working capital. A $30 million building is under construction on Tech's campus near the baseball stadium and is scheduled to open in 1999. It is designed by the architecture firm Hellmuth, Obata & Kassabaum (HOK). The 58-year-old Petit, a 1962 Georgia Tech graduate and chairman of the Healthdyne Cos., is looking for great technological developments to be discovered and produced at the institute that bears his name. Developments and discoveries that could come from the Petit Institute include more effective drugs, new imaging techniques for diagnosing illnesses and biological substitutes for organs. "There will be some real quality of life improvements as a result of this institute," Petit said. Petit founded Marietta-based Healthdyne Inc. in 1971 to manufacture infant monitors after he lost a child to Sudden Infant Death Syndrome, or "crib death." In 1995, Healthdyne was split into three publicly traded companies, Healthdyne Technologies Inc., Healthdyne Information Enterprises and Matria Healthcare. Petit is a long-time supporter of Georgia Tech. In 1985 he made a $1 million donation to the school's Department of Bioengineering that created the Distinguished Chair for Engineering in Medicine. Petit's involvement with the creation of the endowed chair was an initial step in his $5 million gift for the Institute for Bioengineering and Bioscience. "Once you make one good investment, good things start to happen," said Robert M. Nerem, director of the Petit Institute, referring to the donation for the Distinguished Chair for Engineering in Medicine. Petit's $5 million gift to found the institute will allow Georgia Tech to better achieve synergy among the various academic departments that now work on projects related to the biosciences. While the Petit Institute and Georgia Tech's Department of Bioengineering both already exist, they are scattered all over the Georgia Tech campus. "The new [building] will allow us to bring everything together under one roof," Nerem said. "We've got the great people and now we're getting the right physical assets." The institute involves 40 faculty members, about half of whom come from various engineering fields such as chemical and biomedical engineering, and half from the "hard" sciences such as chemistry and physics. More than 125 Tech graduate students will be involved, as well as about 30 undergraduates. The Petit Institute also will house an incubator for start-up health technology companies. The bioscience incubator will differ from other Georgia Tech-related incubators, such as the Georgia Center for Advanced Telecommunications Technology (GCATT) and the Advanced Technology Development Center (ATDC), Nerem said. The Petit Institute incubator will foster research, rather than lease space to existing companies. No details have been finalized on the incubator, including its name, who the director will be, or what researchers will be given space in it. The Petit Institute incubator's researchers will receive marketing and financial assistance from ATDC staff members. The new institute building will house the joint Georgia Tech/Emory University Department of Biomedical Engineering. Nerem said he knew of no other joint venture between a private institution of higher education and a public university. Harvard University and the Massachusetts Institute of Technology operate joint degree programs in the health sciences, but not a joint department, he said. The Georgia Tech/Emory biomedical engineering department currently offers graduate degrees but may eventually expand to offer undergraduate degrees as well, Nerem said.