Access the invaluable expertise of Safeguard’s Advisory Board.

Comprised of industry leaders in healthcare and technology, Safeguard’s Advisory Board provides our partner companies with active support, strategic guidance and operational know-how to maximize long-term value.

Mike Bass

Mike Bass is the Head of Customer Strategy for Ionic Security. Prior to joining Ionic, he ran Security Strategy and Standards at Citi.

Mike has over 25 years of experience in cryptography and security in financial services, healthcare and the US military. He has a B.S. in Information Technology, and his experience includes tenures at Entrust, PGP, Certicom, Baltimore Technologies, NetLock, Montgomery Securities, Loral Space Systems, HP and the US Air Force.

Alfred R. Berkeley III

Alfred R. Berkeley III

Alfred R. Berkeley III currently serves as Chairman of Princeton Capital Management, Inc., a registered investment advisor.

Al has over 40 years of experience in the financial industry. He holds a B.A. from the University of Virginia and received his M.B.A. from The Wharton School at the University of Pennsylvania. He served as a Captain in the United States Air Force from 1968 to 1972.

Al joined Alex. Brown & Sons Incorporated in 1972 as a research analyst. He became general partner of Alex. Brown in 1983. From 1985 to 1987, he served as Head of Information Services for the firm. In that capacity, he was responsible for all corporate information services, including the firm’s back office and front office technology. Al then moved on to Alex. Brown’s Merger and Acquisition department, where from 1987 to 1989 he developed the firm’s technology practice. He became managing director and senior banker in the corporate finance department where he financed computer software and electronic commerce companies. After serving as Alex. Brown and Sons’ Chief Information Officer, Al became CEO of a public telecommunications software company.

In 1996, he was named President of NASDAQ. Al retired from NASDAQ in 2003. He is a Director of Realpage, Inc., the World Economic Forum, USA; Noxilizer, Inc.; Security First Corp.; Gentag, Inc.; ViiNet, Inc.and Differential Dynamics, Inc.

Al was a trustee of the Johns Hopkins University and the Nature Conservancy. He served on the President’s National Infrastructure Assurance Council. He was a trustee of the Mathematical Sciences Research Institute and was a member of the Board of Director of WebEx Communication, Inc.; Policy Management Systems Corporation; ACI Worldwide; and several other companies.

François de Brantes, MS, MBA

François de Brantes is the Executive Director for the Health Care Incentives Improvement Institute, which is a not-for-profit company that designs and implements innovative payment and benefit plan design programs to motivate physicians, hospitals and consumer-patients to improve the quality and affordability of care.

Previously, François was the Program Leader for various healthcare initiatives at GE Corporate Health Care Programs, responsible for developing the conceptual framework and the implementation of GE’s Active Consumer strategy. François attended the University of Paris IX – Dauphine where he earned a MS in Economics and Finance, and he attended the Tuck School of Business Administration at Dartmouth College, where he graduated with an MBA.

François has been published in peer-reviewed journals such as the New England Journal of Medicine and Health Affairs and is frequently quoted in national media including the New York Times. He has also published two books, the latest being The Incentive Cure: The Real Relief For Health Care.

Rick Bullotta

Rick is co-founder and CTO of ThingWorx, the world’s first platform for creating connected applications to enable the ‘Internet of Things”. ThingWorx was acquired by PTC in December 2013. Previously, Rick was CTO and co-founder of Lighthammer Software Development, where he was responsible for conceptualization and development of innovative web-based and service-enabled software products targeted at the manufacturing industry.

At Lighthammer, Bullotta identified and created a new market segment for “manufacturing intelligence and integration” software. Lighthammer was acquired by SAP in 2005.

Rick is an active angel investor with a diverse set of startups including smart agriculture, mobile apps for human resource recruiting and talent management, and an innovative incubator for hardware-based products.

Steve Friedman

Steve Friedman advises early-stage companies in the areas of go-to-market strategy, product positioning, business development and executive recruitment.

Steve serves as an Independent Board Director at AppFirst, and serves on the Advisory Boards at Apprenda,, BizEquity, Safeguard Scientifics (NYSE:SFE), Spongecell and WebLinc.

Past Board roles include Mocana and Boxtone (acquired by Good Technology). Past Advisory Boards include FirstBest Systems, Gigaspaces, Rapid Logic (acquired by Wind River) and Collaxa (acquired by Oracle).

Steve served as BEA Systems’ Vice President, Channels for the Americas. In this position, he was instrumental in growing the indirect channels business to over $100M. Steve came to BEA through the acquisition of WebLogic, where he built and co-managed the field sales organization. Steve also held sales, executive and business development positions with leading Enterprise Software firms.

Randy Gaboriault

Randy Gaboriault is the Chief Information Officer for the Christiana Care Health System one of the largest provider systems in the country. He also serves as the Board Chair for the nation’s first health information exchange, the Delaware Health Information Network.

He serves on the Board of Directors and as Treasurer for Tech Impact, a global nonprofit whose mission is to ensure that all nonprofits can use technology to better serve our world. He also serves as an advisor for Siemens Medical Solutions. Prior to Christiana Care, Randy was Senior Vice President, Chief Information and Strategic Development Officer for Teleflex, a global provider of medical devices serving healthcare providers with specialty devices for vascular access, general and regional anesthesia, urology, respiratory care, cardiac care and surgery. During his tenure, Randy held responsibility for logistics, organizational excellence and strategic sourcing.

Distinctions include: Information Week’s “Twenty Great Ideas To Steal,” Computerworld’s Honors Program Laureate award, Computerworld’s “Top Five” recognition, a three-time awardee of CIO Magazine’s CIO 100 award, Computerworld’s Premier 100 IT leaders, Becker’s 100 CIOs to know and a Center for Medicare and Medicaid Innovation Award. He has also been nominated by the HealthTech Research Alliance & Council as Healthcare Innovator of the Year. Randy holds degrees from Temple University and Dartmouth College.

Stephen M. Goodman

Stephen M. Goodman is a partner in Morgan Lewis’s Business and Finance Practice and has been with the firm since 1994. His practice, focused on corporate finance and acquisitions, is dedicated to fostering emerging growth companies in the Philadelphia region through direct work with clients and active involvement in the emerging growth community.

As strategic counsel to startups in the technology and life sciences sectors, Steve identifies companies with potential and takes them from conception through product development, growth, and beyond. Some of the companies he has nurtured include CDnow, VerticalNet, ICG Commerce, AirClic, ExcelleRx, and

Steve is also founder of the firm’s “Connect at Morgan Lewis” program, which brings together investors and entrepreneurs and guides clients through the process of refining their investor presentations through individual coaching sessions. He is the longest-tenured member of the advisory board for the University of Pennsylvania’s Wharton Entrepreneurial Program. He also teaches “Legal Aspects of Entrepreneurship” at the University of Pennsylvania’s School of Law. In addition to his close involvement with clients and his support and participation in the regional entrepreneurial and venture capital networks, Steve devotes significant time to mentoring young lawyers in the firm.

Steve is a founder of and senior partner in the firm’s Emerging Business and Technology Practice. He has been consistently recognized by Chambers USA, an annual independent ranking of top lawyers, as an influential authority for his work with emerging growth companies. In May 2011, he received the Legend Award for Lifetime Achievement from the Greater Philadelphia Alliance for Capital and Technologies (PACT). In selecting Steve for the honor, PACT noted, “He has played a leading role in nurturing scores of prominent success stories and is considered a valuable asset to the Greater Philadelphia business community.”

Sachin H. Jain

Sachin H. Jain, MD, MBA, is chief medical officer at CareMore Health System, an innovative health plan and care delivery system subsidiary of Anthem, Inc. In this role, he has operational responsibility for 700 clinical staff and 40 care centers. He is charged with developing and leading a multi-year strategy to expand next-generation care management/care delivery model nationally. He is also lecturer in healthcare policy at Harvard Medical School.

Prior to joining CareMore, Dr. Jain was Chief Medical Information and Innovation Officer at Merck & Co, where he developed global partnerships to leverage health data to improve patient health. He also served as an attending hospitalist physician at the Boston VA-Boston Medical Center.

From 2009-2011, Dr. Jain pursued government service at the US Department of Health and Human Services, where he was senior advisor to the administrator of the Centers for Medicare and Medicaid Services (CMS) and helped launch the Center for Medicare and Medicaid Innovation (CMMI). He also served as special assistant to the National Coordinator for Health Information Technology at the Office of the National Coordinator for Health Information Technology (ONC), supporting the agency’s implementation of the HITECH Provisions of the Recovery Act and meaningful use.

Dr. Jain graduated magna cum laude from Harvard College with a B.A. in government, and continued on to earn his M.D. from Harvard Medical School and M.B.A. from Harvard Business School. While completing his medical residency at Brigham and Women’s Hospital, he maintained a faculty appointment at the Harvard Business School and remains affiliated as a senior institute associate at the school’s Institute for Strategy and Competitiveness. He is board certified in internal medicine by the American Board of Internal Medicine. He is co-founder and co-editor-in-chief of the Elsevier journal Healthcare: The Journal of Delivery Science and Innovation.

Tim McDermott

Tim McDermott is entering his third season as the Chief Marketing and Innovation Officer of the Philadelphia 76ers. He oversees all aspects of team marketing and communications including branding, digital and social media, content creation, database marketing and marketing automation, broadcasting, media rights partnerships, merchandising, public relations, game entertainment, community relations, and single-game ticket sales.

Since joining the Sixers, McDermott’s efforts have been focused on increasing the brand strength, fan base, and revenue opportunities. This strategy has led to the enhancement of the team’s digital and data capabilities, the unveiling of a new brand identity including logos, uniforms and campaign, and the transformation of the team’s game entertainment through one of the first permanent, state-of-the-art 3D court projection systems in the NBA.

McDermott previously spent two stints at the Philadelphia Eagles, most recently as their Chief Marketing Officer. During his time at the Eagles, they were recognized by Forbes as the Fastest Growing Brand in Sports. McDermott also launched the Eagles Tackling Breast Cancer Campaign in 2004 which has since grown into a league wide initiative. During his time at the Eagles, McDermott built a content strategy which generated the team’s highest ever cumulative TV ratings and transitioned into its own scalable network. During his tenure, Eagles Television Network was nominated for 28 Emmy Awards. McDermott was also responsible for the Eagles branding efforts, which garnered 16 Philadelphia ADDY Awards, including Best In TV.

From 2006-09, McDermott led the Washington Capitals’ marketing and communications efforts. In his final season with the team, they sold out all 41 home games for the first time in franchise history. McDermott’s time in Washington was marked with record increases in attendance, television ratings, merchandise sales and web traffic.

In addition to his experience in professional sports, McDermott also spent several years with Comcast in New Media Development incubating new business ventures, such as multi-room DVR, voice activated remote control, and home controls, utilizing advanced technologies. Earlier in his career, he served as Assistant Director of Sales and Marketing for the San Diego Chargers and began his career in Corporate Sponsorships with the Jacksonville Jaguars.

McDermott earned his MBA from Harvard and a bachelor’s degree from Cornell, where he was a three-year letter winner in football. In 2011 he was named 40 under 40 by the Philadelphia Business Journal. In 2014, he received the CMO Club Programmatic Marketing Award for demonstrated success using technology that leverages data science to increase the efficiency and effectiveness of digital marketing. His brother, Sean, is the Defensive Coordinator of the Carolina Panthers.

Arthur H. Rubenstein, MBBCh

Arthur H. Rubenstein, MBBCh is a Professor in the Department of Medicine, Division of Endochrinology at Raymond & Ruth Perelman School of Medicine of Medicine at the University of Pennsylvania.

Previously, Arthur was Executive Vice President of the University of Pennsylvania for the Health System and Dean of the University of Pennsylvania School of Medicine. Before joining Penn, Arthur served for four years as Dean of Mount Sinai School of Medicine and Gustave L. Levy Distinguished Professor. Earlier, he was the Lowell T. Coggeshall Distinguished Service Professor of Medical Sciences and Chairman of the Department of Medicine at the University of Chicago Pritzker School of Medicine.

Arthur is an internationally prominent endocrinologist recognized for clinical expertise and groundbreaking research in diabetes. Well known for his inspired teaching, Arthur has served in numerous professional leadership positions during his career. These include President of the Association of Professors of Medicine, of the Association of American Physicians, and of the Central Society for Clinical Research; and Chairman of both the American Board of Internal Medicine and the National Diabetes Advisory Board. He has been a member of a study section and of the Advisory Council of the National Institute of Diabetes and Digestive and Kidney Diseases.

Author of more than 350 publications, Arthur has held editorial advisory positions with several respected journals, including service on the editorial boards of the Annals of Internal Medicine, the Journal of Diabetes and Its Complications, Medicine, and Clinical Trials Advisor. He was also a consulting editor to the Journal of Clinical Investigation.

Arthur is the recipient of many awards and prizes, including the highest honor from the Association of Professors of Medicine, the Robert H. Williams Distinguished Chair of Medicine Award. Among his other honors are the John Phillips Memorial Award from the American College of Physicians; the Banting Medal from the American Diabetes Association; and the David Rumbough Scientific Award from the Juvenile Diabetes Association.

Born in South Africa, Arthur received his medical degree from the University of the Witwatersrand in Johannesburg. In 2001, he was honored by his alma mater when an honorary degree, Doctor of Science in Medicine, was conferred upon him. He is a Fellow of the College of Medicine of South Africa and of the Royal College of Physicians of London; a Master of the American College of Physicians; and a member of the Institute of Medicine of the National Academy of Sciences.

Christopher Simon

Christopher Simon

For nearly 20 years, Christopher Simon has worked with clients in healthcare and consumer goods. He is a leader of McKinsey & Company’s Pharmaceutical and Medical Products Practice in North America and leads its work on medical products globally.

Mr. Simon’s work has included planning and executing company-wide performance turnaround of a leading medical device company and guiding sales and marketing transformations for a number of clients. Among his recent work, Mr. Simon led a number of domestic and global projects for leading medical device manufacturers, including the development of a corporate strategy for a novel CNS diagnostics company, and the redesign of development capabilities for a diversified med tech manufacturer with the aim of reducing time to market, improving regulatory affairs and accelerating product launch.

Healthcare is a return to Chris’ roots. Before joining McKinsey, he worked in the industry as a Regional Operations Manager and Account Executive for Baxter Healthcare. Prior to Baxter, Chris served as a U.S. Army Infantry Officer in Korea and with the 1st Ranger Battalion. He holds a Bachelor of Science degree in Economics from the University of Pennsylvania and an MBA from Harvard Business School.

Robert V. Stanek

Robert V. Stanek served as president and chief executive officer of Catholic Health East (CHE) from 2003 until his retirement in 2010. CHE, one of the largest Catholic health systems in the United States, was co-sponsored by nine religious congregations and Hope Ministries, a Public Juridic Person within CHE. Based in Newtown Square, Pennsylvania, the System provided the means to ensure the continuation of the Catholic identity and operational strength of the sponsors’ health ministries, which are located within 11 eastern states from Maine to Florida. CHE merged with Trinity Health in 2013.

During his tenure, CHE included 34 acute care hospitals, four long-term acute care hospitals, 25 freestanding and hospital-based long-term care facilities, 14 assisted-living facilities, four continuing care retirement communities, eight behavioral health and rehabilitation facilities, 37 home health and hospice agencies, and numerous ambulatory and community-based health services. Catholic Health East facilities employed approximately 54,000 full-time employees as partners in ministry.

Stanek joined CHE’s Senior Management Team in 1997 as executive vice president of the new health system’s Mid-Atlantic Division and then served as chief operating officer. He was promoted in 2003 to become the health system’s second president and chief executive officer.

The development of CHE’s Preferred Health Care Delivery Model for 2017; the creation of CHE’s first Governance Charter; enhancements in quality, safety and satisfaction; the development of the master trust indenture; the growth of ministry formation opportunities; the realization of system synergies and efficiencies through shared IT, supply chain and financial services; an emphasis on leadership and professional development; a system-wide focus on clinical transformation and developing a person-centered system of care are among the key achievements of Stanek’s tenure at CHE.

Prior to joining CHE, Stanek served in a variety of capacities with the Mercy Health System of Western New York from 1992-1997, including president and chief executive officer as well as the chief operating officer/care delivery services. He also served as the chief executive officer of the Mercy Hospital of Buffalo. He also coordinated the activities that led to the formation of the Catholic Health System in Buffalo, a joint operating agreement with Ascension Health, the Diocese of Buffalo and CHE. Before 1992, Stanek served in a number of administrative positions with the Daughters of Charity health care facilities in Pennsylvania and Virginia.

From December 2014 through 2015, he served as an Advisor to Safeguard Scientifics, a publicly traded venture capital firm which provides capital and operational support to growth stage health care and technology companies as well as president of Dabo Health, a venture backed company which drove healthcare value through empowerment and collective intelligence.

Stanek was elected to the board of trustees of the Catholic Health Association of the United States (CHAUSA) in 2006. Comprised of more than 600 hospitals and 1,400 long-term care and other health facilities in all 50 states, CHAUSA is the largest group of nonprofit health care providers in the nation. Stanek has served as Chairperson-elect from June 2009 through June 2010, and Chairperson from June 2011 through June 2012. He served as the Speaker of the Assembly from June 2012 through June 2013.

He also currently serves on the Board of Directors of Accumen, a hospital laboratory management company, as well as chairs its Audit Committee. In addition, he was a founding board member of Seamless Health, an Accretive Company. He also served on the Board of Accretive Health, a publically traded entity, providing hospital billing services.

Stanek earned a bachelor of arts degree in chemistry from East Stroudsburg University in East Stroudsburg, Pa.; a B.S. in pharmacy from the Philadelphia College of Pharmacy and Science; and an M.B.A. in administrative management from St. Joseph’s University, Philadelphia, Pa.

Michael Sturmer

Michael has more than 15 years of operating and strategic experience in the health plan world.

As Senior Vice President of the Health Services Segment at Livongo Health, the leading consumer digital health company focused on improving care for chronic conditions, Michael is responsible for developing relationships and expanding services and business strategies with the United States’ leading health plans, payers, and risk-based organizations.

Michael joined Livongo in September 2016 after a successful career with Cigna, where he held a variety of leadership positions, including roles in Consumer Health Engagement, Analytics, Technology, and National Accounts. Most recently, he was the Chief Operating Officer for the New York/New Jersey Health Plan, where he focused on driving the transformation from volume-based to value-based care across key stakeholders, including employers, health plans, health care systems, and providers.

Macy W. Summers

Macy W. Summers is a Consulting Engineer and Development Executive with Senior Management experience in Information & Communications Technologies. He has led teams in Innovation, Idea Incubation, R&D as well as large Capital Projects. Macy is a Presidential Advisory U.S. Government policy expert on Cybersecurity, Government Wireless Communications and the Internet of Things having served four years supporting the National Security Telecommunications Advisory Committee inside the Department of Homeland Security.

Macy currently consults with Financial Advisory and Private Equity firms, Non-Governmental Organizations and Start-up Businesses on market dynamics, innovation and strategy.

From 2005-2014, Macy was at Lockheed Martin where he held positions in Business Development and Engineering. While there, he was the Chief Technology Officer of the IS&GS business based in King of Prussia, PA leading over $100M of Research & Development, multiple strategic investments and General Manager of the Advanced Solutions Business Unit responsible for transition of successful start-ups into large scale businesses. One such project, Mobile Fish Pens, was named in Time Magazine’s top 25 inventions of 2012 and spun out as a separate company in 2015.

Previously, Macy worked in various Strategy, Engineering and Development roles at Pegasus Communications, EMS Technologies, and Scientific-Atlanta. He was a co-founder of an International Systems Integration company specializing in multimedia broadband networking acquired by STM Wireless in 1997.

Macy holds a B.S. in Engineering Physics from the University of Tennessee and Diplomas from Harvard University’s Graduate School of Business in Management Development and Strategic Marketing Management. He holds U.S. Patents 5,708,963, 6,836,658, 7,587,736 and responsible for Lockheed Martin’s 2011 awards from the Philadelphia Alliance for Capital and Technologies (IT Innovator of the Year) and the Edison Awards™ (Best New Product, Applied Technology).

Richard C. Tarbox III

Ric C. Tarbox III has more than 40 years of life science experience in the medical device and diagnostics segment of the global healthcare industry.

Ric currently serves as Executive in Residence at Aquilo Partners, a life science investment bank specializing in mergers & acquisitions, licensing/partnership transactions and private placements.

Prior to joining Aquilo Partners in 2015, Ric served as the Vice President and General Manager of Becton Dickinson’s Point-of-Care Diagnostics business unit where he was responsible for integrating the 2014 acquisition of Alverix, Inc. (a Safeguard partner company), where Ric had previously served as President and CEO.

Ric began his career with Marion Laboratories, Inc. and served in various operational, strategic and executive leadership positions with; American Hospital Supply Corporation, Baxter International, Inc., Cardinal Health and Thermo Fisher Scientific. Additionally, he has been instrumental in the foundation and early stage development of Ostex International, Inc., Metrika Laboratories, Inc., BioSeparations, Inc., Cleardata Networks, Inc. and Alverix, Inc. He has served on the BOD of these companies, the Healthcare Industry Distributors Association (HIDA) Educational Foundation and on SABs of various other early stage healthcare companies.

Ric earned his undergraduate degree from the University of Washington and master’s degree from the Kellogg School of Business at Northwestern University.

Chris Terrill

Chris Terrill is CEO of HomeAdvisor, a leading website offering comprehensive tools and resources for home improvement, maintenance and repair projects. Chris is a seasoned Internet veteran and has specialized in online subscription continuity business models, working for top tier brands such as and

Additionally, he spent six years with, most recently as Vice President of New Brands & Verticals. In this position, Chris launched new online brands, including He also serves on the Board of Neatco, the leading manufacturer of “digital filing cabinet” equipment and software storage.

Brock Weatherup

Brock Weatherup is the Senior Vice President and Chief Digital Officer since September 2014 when Pet360, Inc. was acquired by PetSmart. He has extensive experience in entrepreneurship, retail & ecommerce, strategic leadership, consumer marketing, enterprise value creation, direct marketing, brand building and digital media.

Most recently, he served as chief executive officer at Pet360, the leading consumer engagement, digital media and subscription commerce company in the pet industry having led its enterprise value grow 500% over 4 years. Prior to leading Pet360, Brock build Fathead LLC as its served as CEO and held several leadership positions with InterActiveCorp, Up with People and American Express. He earned a bachelor’s degree in Marketing from the University of Colorado Boulder, sits as a board member of the Nature Conservancy – Adirondack Chapter, and is highly involved in consumer technology industry focused on mentoring & supporting companies in high growth mode and/or startups.

Lee Yohannan

Lee Yohannan

Lee Yohannan is an accomplished business, technology and community leader who is inspired by the entrepreneurial spirit, an energized core of associates and integrity as the foundation for growth stage companies success and evolution.

As the Founding Partner of Liquidhub, Lee draws on more than 25 years as a Community leader, CEO, Partner, Investor and mentor of growth stage companies. Liquidhub is a digital integrator that partners with businesses to improve customer engagement and drive growth. With operations in North America, Asia and Europe Liquidhub empowers the leading global healthcare and financial services companies through technology innovation. Mr. Yohannan is also the Partner and Executive Chairman of Paycommerce, Inc where he is responsible for Corporate vision, Capital structure and Governance direction. Paycommerce is a leading next generation cloud-based global payment platform. Paycommerce integrated solutions support multiple payment types and settlements across the globe. Mr. Yohannan was named the regional Ernst & Young Entrepreneur of the Year in 2006 and was a national finalist in 2007.