Tom Welch is the CEO of Provision Proton Centers and President of Provision Center for Proton Therapy. Mr. Welch joined the Provision Healthcare family of companies in 2013 as a division President of ProNova Solutions. He has recently transitioned to be the President of The Provision Center for Proton Therapy and the President of Provision Proton Centers. He has more than 20 years of broad business experience from pre-revenue Companies to growth stage and Fortune 50.
Mr. Welch was the President and CEO of ABT Molecular Imaging, Inc. starting in 2009, where he led the Company’s efforts to turn a technology vision of making Positron Emission Tomography more accessible by way of an integrated cyclotron, radiochemistry and quality control PET Biomarker Generator into reality with product installations on four continents. He also raised over $15m in debt and equity through preferred equity and venture debt which, combined with the growth in revenue, facilitated quadrupling the Company value in four years.
Prior to joining ABT, Mr. Welch was the CEO of PETNET Solutions, Inc., formerly a division of CTI Molecular Imaging, Inc. and now Siemens Medical Solutions, Inc. Mr. Welch helped PETNET grow from 12 to over 50 radio-pharmacies in his 11 years with PETNET through acquisitions as well as organic growth to become the world’s largest manufacturer and distributor of PET radiopharmaceuticals. Several of the PETNET locations were joint ventures with leading healthcare institutions in the United States. Mr. Welch also led the Company through the introduction of the manufacturing of new drug products into the network as well as the industry’s first commercial New Drug Application. During his tenure with PETNET, Mr. Welch led the transition of the Company through corporate organization transitions, minority shareholder take-outs, a public offering and finally the acquisition by Siemens in 2005. At Mr. Welch’s departure, PETNET had locations in four countries with drug manufacturing licenses on three continents. Prior to joining PETNET in 1998, Mr. Welch led the financial team of a start-up technology company, Celerity Systems, Inc., which successfully completed an initial public offering in October 1997. Mr. Welch began his career with Coopers & Lybrand, LLP in 1992.
Mr. Welch conducted his undergraduate work in business administration with a major in accounting and follow-on graduate work at the University of Tennessee, receiving his MBA in 2005.