The Case of Welch Allyn, Inc. - 100 Year-Old Privately Held Global Medical Device Company
"Selling the Family Business...When You Don't Want to Sell the Family Business"
Former Chairman of the Board of Directors of
Welch Allyn, Inc.
For four generations, Welch Allyn, Inc. was a medical device manufacturer. It was a public company that employed some 2,800 people world-wide, and whose products were found in virtually every hospital and medical office in the United States. Welch Allyn was acquired by Hill-Rom, a larger Public company, in 2015.
Eric Allyn began his Welch Allyn career as an employee in 1982, working in a variety of positions including sales, marketing, business development and leading the Company's operations in foreign countries. In 2010 he joined Welch Allyn's Board of Directors, ultimately serving as Chairman of the Board and Chairman of the Family's Voting Trust, until the Company's acquisition by Hill-Rom in 2015.
Outside of Welch Allyn, Eric serves on the Board of Directors of GOJO (makers of Purell), Pharma Tech Industries, Eagle Dream Health, and several smaller private companies. He also serves on the Board of Trustees of Auburn Community Hospital (past Chairman),The Hospital Trustees of New York State (Chairman), The Gifford Foundation, (Investment Committee Chairman), and The Allyn Family Foundation (Investment Committee Chairman). He is past board member at Hand-Held Products, Eagle Dream Health, NYS Business Council, Family Firm Institute (FFI) and Family Enterprise USA (FEA USA). In addition, he is an LP Advisor to Armory Square Ventures, and is Founder and Managing Partner of two private Investment Funds. Eric is a frequent speaker nationally and internationally on the topics of governance, family enterprises, and investment management.
Eric holds a bachelor's degree Dartmouth College, and earned his MBA from University of Virginia (Darden School). He lives in Skaneateles, NY.