Healthcare Investment
Banking Experts

David K. Blume Managing Director
  • Co-Founder and Managing Director, img-bio
  • Investment Banking Experience: Since 1988
  • Healthcare Investment Banking Experience: Since 1992
  • BA, philosophy Haverford College Haverford_logo
  • Transactions: 100+
  • Total Deal Value: $30B+
  • Hometown: NYC
  • Co-Owner, RBNY Racing Corp img-bio3
Professional Experience

I’ve been an investment banker for my entire professional career dating back to 1988. Since 1994 I have exclusively advised healthcare companies. I started as a lowly financial analyst at Salomon Brothers back in the Liar’s Poker Era and ascended the ranks to Managing Director at Bear Stearns at age 32, and then on to running several industry coverage teams for Lehman Brothers. None of these firms still exist, but I don’t believe that is my fault.

I’ve been an investment banker for my entire professional career dating back to 1988. Since 1994 I have exclusively advised healthcare companies. I started as a lowly financial analyst at Salomon Brothers back in the Liar’s Poker Era and ascended the ranks to Managing Director at Bear Stearns at age 32, and then on to running several industry coverage teams for Lehman Brothers. None of these firms still exist, but I don’t believe that is my fault.

I left Lehman in 2001 to co-found Edgemont Capital Partners, and continue to lead the firm today with my partners.  Advising companies, executives and owners on strategy, transactions, deal making, value creation and value maximization are my passion and I feel fortunate to both be able to do what I love professionally, and that I can tolerate my boss.

In my career I have advised on over 100 transactions, with at least one captivating, death defying or wholly unbelievable tale to go with each. These transactions represent more than $30 billion in total value and span the spectrum from exclusive sales, mergers and acquisitions to fairness opinions, partnerships, joint ventures, public and private equity and debt issuance and general strategy and financial advisory services. That said, these numbers mean far less to me than the thrill of working with entrepreneurs and energetic management teams to help them achieve their goals.  I live for the accomplishment of each mission and succeeding on our client’s behalf.

I wanted to be a doctor growing up and have had a passion for medicine for a long as I can remember. Finance won me over, but I find my current role working with healthcare companies to be the best of all worlds. My healthcare experience covers a broad range of industry sectors, including health care services, pharmaceuticals (large capitalization and specialty) pharmaceutical outsourcing (contract research organizations “CROs” and pharmaceutical sales and marketing) healthcare information technology, distribution, medical devices, diagnostic equipment, managed care, home healthcare, specialty pharmacy and pharmaceutical benefit management, among others. Prior to founding Edgemont, I ran the Specialty Pharmaceuticals, Pharmaceutical Outsourcing and Health Information Technology Coverage Teams in The Lehman Brothers Healthcare Group and founded the pharmaceutical services effort at Bear Stearns.

Over the years, my clients have ranged in size from start-ups to Fortune 50 companies. In representing these companies, I completed some large transactions, including representing the seller in the then-largest CRO sell-side transaction and the buyer in one of the largest non-pharmaceutical healthcare transactions of all time. Yet despite these successes, I have always enjoyed most working with smaller and entrepreneurial companies. Advising venture companies at Patricof & Co. (now Apax Partners) in the early 1990′s provided me with strong insight into earlier stage companies and I have found over the years that some of my most rewarding professional experiences came from working with emerging, high growth and dynamic companies.

My passion for working with entrepreneurs is fueled by my own entrepreneurial spirit, evidenced well before co-founding Edgemont. At Haverford College, I founded and managed Skeeter’s Pizza, a student-operated pizza restaurant and delivery service. Skeeter’s, which became a school institution, baked and delivered pizzas to starving college students on limited budgets. In addition to improving Haverford’s culinary alternatives, Skeeter’s also employed 45 students part-time each semester and helped finance my living expenses. I sold the business to the Haverford College Students Association upon graduation (my first deal!).

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  • Professional Accomplishment of Which
    I am Most Proud

    Building Edgemont and the thrills I’ve had and that I continue to experience playing some role in helping entrepreneurs and entrepreneurial businesses achieve critical objectives. I love living the transactions alongside them (highs, low and all). For me, nothing beats the sense of accomplishment and the personal gratitude that results from helping clients to realize their dreams, or just get an important deal completed.  My greatest professional compliment came from one of our entrepreneur CEO’s who held a doctorate in psychology.  When we closed his first major transaction he quipped, “You have now earned your honorary degree in psychiatry!”  This is what drives us at Edgemont.  We are our client’s trusted advisor, every step of the way.

  • Personal

    Some might say I’m a bit parochial. I was born in New York City and I have lived my entire life in the City and NYC metropolitan area (except for my four years at college outside Philadelphia). I didn’t always appreciate New York, but now that I’ve had the opportunity to travel throughout the U.S. and some in Europe, I wouldn’t want to live anywhere else. I graduated from Haverford College, with a B.A. in philosophy. As Steve Martin said about his major in philosophy: “I learned just enough to screw me up for the rest of my life.”

  • Family

    I have two teenage daughters and a son born in late 2014 who mean the world to me. They help keep it all in perspective, which usually means putting me in my place – or some place. Work, kids and my passions (see below)…is there time for more? “I’ll sleep when I’m dead” – Warren Zevon.

  • Passions (outside of work)

    Cycling. I have ridden recreationally since my teens, but started racing in 2001. Wow! That’s hard, but what a rush. I’m a USCF licensed Category 4 racer and have raced with several sub-teams in the Century Road Club Association in New York. Since 2006, Edgemont Capital Partners has sponsored a cycling team within CRCA. In 2012 I co-founded a team called RBNY Racing. The team has 22 racers who compete in amateur events in the greater New York City area and New England. I also enjoy modern fiction (have to make the most of airplane time), cooking, fine dining and wine (particularly Russian River Valley Pinots).

  • Secret Ambitions

    Professional cyclist. The Tour De France, or perhaps the Giro D’Italia, Vuelta a’ Espana or the Spring Classics instead. I rode the L’Etape du Tour in 2005 and 2006 and got a taste of it! For now, I’m just going to try to win my first race!

  • Parallel Universe

    I was a huge fan of Saturday Night Live in the early days back in the mid-70s and did some writing in my college days. On another planet I might have pursued comedy writing. I am not sure it would have pleased my parents as much, but I do wonder…

    Comic