Edge Rewrite
restyle Source code View original
// HTMLRewriter · presentation

This page was redesigned at the edge.

Cloudflare fetched the original article and streamed it through HTMLRewriter to apply an entirely new visual system without rebuilding the source page.

Jump to content

Draft:Larry Steven Grossman

From Wikipedia, the free encyclopedia
  • Comment: Please do not remove past AfC decline templates. These are left for future reviewers so that they can review your draft and check that any prior concerns have been addressed. Removing these templates can make it more difficult for your draft to be accepted. Thank you. Cadddr (talk) 20:40, 22 May 2026 (UTC)
  • Comment: Most businessmen cannot get through the notability specification. The most basic version of this is the WP:GOLDENRULE. This would require 3 independent sources that discuss the subject in sufficient detail that a summary can be made. What appears to have happened here is that the subject, or someone close to them, has written a résumé, and then put some sources in, which is WP:BACKWARDS and better suited to LinkedIn. The sources, many of which are press releases or related PR, detail his products but not the subject. It's more about the company than the subject. Some details are unsourced. ChrysGalley (talk) 14:40, 17 May 2026 (UTC)
Larry Steven Grossman
Born (1949-08-24) August 24, 1949 (age 77)
Chicago, Illinois, U.S.
EducationDrake University (B.S.)
OccupationsInventor, entrepreneur
Known forInvention of the Mini C-arm
SpouseWendy Joy Goldman (m. 1970; div. 1973) · Elizabeth Ann McNamara (m. 1977; div. 2002) · Jeanne Ann Madsen (m. 2007–present)
Children3
ParentHoward A. Grossman · Abby (née Kane) Grossman

Larry Steven Grossman (born August 24, 1949) is an American entrepreneur. Grossman has founded five companies in his business career and invented the Mini C-arm. The Mini C-arm is a compact portable fluoroscopic medical imaging system.

Grossman created both the original concept of adding an X-ray tube to the patented Lixiscope and the unique method of adding a high-voltage power supply to that device to make it controllable.[1][2]

According to a Market Research Future report published in October 2025, the Mini C-arm is credited with creating a new category of mobile medical imaging technology which has grown to become a global industry valued in excess of US$1 billion in market value in 2025.[1][3]

Mini C-arms utilize low-intensity fluoroscopic imaging to produce real-time, high-resolution images of human extremities. Their portability and lower cost led to broader use in orthopedic practices, hospital operating rooms, urgent care centers, rural medical facilities, ambulatory surgery centers, and sports medicine environments.[1][4][5]

U.S. Patent 4,142,101, titled "Low intensity X-ray and gamma-ray imaging device," issued to Lo I Yin on February 27, 1979, describes a compact, portable imaging device. Assigned to NASA, this invention formed the basis for the "Lixiscope" (Low Intensity X-ray Imaging Scope) technology that Grossman built on.[6]

At the request of Larry Grossman, under the consulting agreement between HealthMate, Inc. and the QTR Consulting Group, a second patent was issued in 1985, which was assigned to NASA, for a proprietary high-voltage power supply designed by Arthur P. Ruitberg and Kenneth M. Young.[7] The patented high-voltage power supply provides multiple high-voltage output signals from a battery source. It is designed to be compact and efficient for portable high-voltage applications. HealthMate, Inc. held the exclusive patent rights to this invention under an agreement with NASA.

Although Mini C-arms are primarily a medical imaging device, the technology and compact design also has industrial applications, particularly as manufacturers seek lighter, portable, and more maneuverable real-time X-ray solutions.[8]

In total, Grossman launched and funded five companies—three of which he took to initial public offerings.[2]

Early life

[edit]

Larry Steven Grossman was born in Chicago, Illinois on August 24, 1949, to Abby (née Kane) and her husband, Howard A. Grossman. Larry Grossman had two younger brothers, Richard (born in 1951) and Mark (born in 1958), both now deceased.

Education

[edit]

Grossman attended New Trier High School in Winnetka, Illinois (1963–1967) and then Drake University (1967–1971), where he graduated with a Bachelor of Science degree.

Personal life

[edit]

Grossman married Wendy Joy Goldman in 1970. They were divorced in 1973. He married Elizabeth Ann McNamara in 1977. They had three children together: Gregory Scott (born in 1978), Amy Lauren (born in 1982) and David Eric (born in 1985). The couple divorced in 2002. Grossman married Jeanne Ann Madsen in 2007. They remain married and reside in Arizona.

Career

[edit]

Trans Leasing International, Inc.

[edit]

Grossman co-founded Trans Leasing International, a medical equipment leasing company, in 1972.[9][2] At Trans Leasing, Grossman pioneered the first credit card exclusively for equipment leasing.[10] The company completed a successful IPO in 1986.[11][2] Grossman sold it to GE Capital in 1998.[12][11]

HealthMate, Inc.

[edit]

Grossman founded HealthMate, Inc. (the first Mini C-arm manufacturer) in 1982.[13][2] It was the company through which Grossman first developed and commercialized mobile fluoroscopic imaging technology.[14] HealthMate produced early versions of the FluoroScan Mini C-arm imaging system, which adapted NASA-derived low-intensity X-ray technology for medical and industrial imaging applications.[5][14][8][6][15]

According to U.S. Food and Drug Administration records, HealthMate submitted premarket documentation in 1985 for a FluoroScan mini C-arm fluoroscopic system, demonstrating early commercial activity in compact mobile fluoroscopy devices. In June 1985, the FDA's Center for Devices and Radiological Health granted marketing approval for the FluoroScan.[16]

HealthMate completed an initial public offering on NASDAQ in February 1985.[17]

HealthMate filed for Chapter 11 reorganization in June 1989.[2][18] Grossman brought the company through Chapter 11 and out of bankruptcy by taking the company private in 1990.[19] The company's name was changed to FluoroScan Imaging Systems, Inc. to better align with the name of its primary product, the FluoroScan.[2][19]

FluoroScan Imaging Systems, Inc.

[edit]

FluoroScan Imaging Systems developed and manufactured several models of Mini C-arm imaging systems for medical and industrial applications and expanded upon earlier mobile fluoroscopy technology. The FluoroScan was the medical model and InnerView was the name of the industrial version.[5][8] An independent evaluation published in the peer-reviewed journal Health Devices in 1995 described the FluoroScan as a compact, mobile fluoroscopic imaging system designed for real-time imaging of the extremities.[4][20]

FluoroScan completed an initial public offering on NASDAQ in July 1994.[2][21][22][23][24]

In 1996, FluoroScan Imaging Systems, Inc. was acquired by Hologic, Inc. (HOLX), a publicly traded company. FluoroScan technology became part of Hologic's Skeletal Health division.[25][26] Grossman became a director and Vice President of Hologic and retained his position as an officer and director of FluoroScan. He ceased serving in all official capacities on January 7, 1997.[26][27][20]

OrthoScan, Inc.

[edit]

In 2004, Grossman co-founded OrthoScan, Inc., headquartered in Scottsdale, Arizona. The company focused on expanding Mini C-arm adoption into orthopedic offices, outpatient clinics, and ambulatory surgery centers. OrthoScan expanded its operations through three rounds of venture capital funding, including a $7.5 million Series B financing closed in October 2008, led by River Cities Capital Funds.[28] In September 2011, OrthoScan was acquired by German private investment firm Aton GmbH, which also held a majority stake in Ziehm Imaging. Aton later merged the two C-arm companies and renamed the combined entity Ziehm-OrthoScan.[29]

Other ventures and roles

[edit]

In 1998, Grossman founded and served as General Partner of Thunderbolt Capital Corp., a venture capital fund focused on growth-stage investments.

Grossman also served in various leadership and mentoring roles, including as the Regional Vice President – Western Region of the SCORE Association for approximately 15 years (2008–2024).

In 2024, he co-founded Business Growth Resource LLC, a management consulting firm based in Scottsdale, Arizona that advises growth-oriented companies on capital formation and strategic expansion.

Grossman also served for several years on the Board of Trustees of two Arizona non-profits: the Arizona Broadway Theater and the Flagstaff Arboretum.

References

[edit]
  1. 1 2 3 Darby, Edwin (October 16, 1985). "2 Hope FluoroScan Healthy Future". Chicago Sun-Times. p. 24. Retrieved May 21, 2026 – via NewsBank: America's News – Historical and Current.
  2. 1 2 3 4 5 6 7 8 Grossman, Larry S. (December 18, 1995). "CEO Interview: Larry S. Grossman, Chm & CEO FluoroScan Imaging Systems, Inc". The Wall Street Transcript: 120, 921, 937. TWST Online Document BG609. Retrieved May 21, 2026.
  3. ↑ Mini C-Arm Market Research Report (Report). Market Research Future. 2025.
  4. 1 2 "FluoroScan mini C-arm unit". Health Devices. 24 (2). ECRI Institute: 44–70. 1995. PMID 7737880.
  5. 1 2 3 "X-Ray Imaging System (FluoroScan)". NASA Spinoff. Retrieved May 21, 2026.
  6. 1 2 US 4142101, Yin, Lo I, "Low intensity X-ray and gamma-ray imaging device", assigned to NASA
  7. ↑ US 4517472, Young, Kenneth M. & Ruitberg, Arthur P., "Multiple output voltage power supply", assigned to NASA
  8. 1 2 3 "X-Ray Imaging System (InnerView)". NASA Spinoff. Retrieved May 21, 2026.
  9. ↑ Cox, Brian (March 10, 1997). "Trans Leasing Aims to Turn Up Focus on Computer Business; New CEO Also Eyes Company's Lagging Stock". Crain's Chicago Business. ProQuest 198422883. Retrieved May 21, 2026 – via ProQuest (subscription required).
  10. ↑ Darby, Edwin (April 16, 1982). "Firm Takes Credit for Leasing Plan". Chicago Sun-Times. p. 86. Retrieved May 21, 2026 – via NewsBank: America's News – Historical and Current.
  11. 1 2 "Trans Leasing International — EDGAR Company Filings". U.S. Securities and Exchange Commission. Retrieved May 21, 2026.
  12. ↑ Cox, Brian (October 26, 1996). "Slain CEO's Brother Takes the Helm at Trans Leasing". Crain's Chicago Business. Retrieved May 21, 2026.
  13. ↑ Chandler, Susan (June 23, 1985). "New Firm Banks on Technology…and People". Chicago Sun-Times. p. 267. Retrieved May 21, 2026 – via NewsBank: America's News – Historical and Current.
  14. 1 2 "X-Ray Imaging System". NASA Technical Reports Server. January 1986. Retrieved May 21, 2026.
  15. ↑ EP 0488991A1, "Low Intensity X-ray Imaging (Lixiscope)"
  16. ↑ "HealthMate, Inc. — Pre-Market Notification 510(k) (K843920)". U.S. Food and Drug Administration. Retrieved May 21, 2026.
  17. ↑ "Small Company Initial Public Offerings: February & March 1985". Inc. June 1, 1985. Retrieved May 21, 2026.
  18. ↑ "HealthMate, Inc. Continues to Be Quoted by NASD". The Wall Street Journal. January 28, 1986. ProQuest 398023460. Retrieved May 21, 2026 – via ProQuest (subscription required).
  19. 1 2 Bell, Bonnie (September 16, 1995). "Picture Brightens for Pioneer in X-Ray Systems Technology". Crain's Chicago Business. Retrieved May 21, 2026.
  20. 1 2 "Hologic Launches FluoroScan InSight FD Mini C-Arm Extremities Imaging System" (Press release). Hologic. January 25, 2018. Retrieved May 21, 2026.
  21. ↑ "X-Ray Equipment Firm Files for Stock Offering". Crain's Chicago Business. May 28, 1994. Retrieved May 21, 2026.
  22. ↑ "FluoroScan Imaging Systems, Inc. — SEC Filing". U.S. Securities and Exchange Commission. Retrieved May 21, 2026.
  23. ↑ "IPO Provides X-Ray Equipment Firm a Clearer Growth Picture". Crain's Chicago Business. September 24, 1994. Retrieved May 21, 2026.
  24. ↑ "FluoroScan Fluoroscopic Equipment". Federal Register. U.S. Government Publishing Office. June 7, 1985. Retrieved May 21, 2026.
  25. ↑ "Hologic Completes FluoroScan Purchase". Diagnostic Imaging. September 11, 1996. Retrieved May 21, 2026.
  26. 1 2 "Hologic, Inc. — EDGAR Company Filings (FluoroScan Imaging Systems acquisition)". U.S. Securities and Exchange Commission. Retrieved May 21, 2026.
  27. ↑ "Hologic, Inc. — Definitive Proxy Statement (DEF 14A)". U.S. Securities and Exchange Commission. 1997. Retrieved May 21, 2026.
  28. ↑ "OrthoScan Inc. Closes $7.5 Million Series B Financing" (Press release). BioSpace. October 8, 2008. Retrieved May 21, 2026.
  29. ↑ "ATON Acquires OrthoScan, Inc" (Press release). PR Newswire. September 27, 2011. Retrieved May 21, 2026.
[edit]

Category:1949 births Category:Living people Category:American inventors Category:American entrepreneurs Category:American venture capitalists Category:Drake University alumni Category:New Trier High School alumni Category:People from Chicago, Illinois Category:People from Scottsdale, Arizona Category:Businesspeople from Illinois Category:Businesspeople from Arizona Category:Medical technology Category:Medical imaging

Retrieved from "https://en.wikipedia.org/w/index.php?title=Draft:Larry_Steven_Grossman&oldid=1369043601"