Richard Prati

Richard J. Prati (born October 4, 1966) is an American entrepreneur known as the CEO of Florida-based Life Care Medical Devices (LCMD). He was also the Co-Founder, Chairman and CEO of defunct American Technology Research Inc.
Early Life and education
Prati was born at Parkland Memorial Hospital. He graduated from Jesuit College Preparatory School and attended Vanderbilt University in Nashville where he earned a B.S in Economics in 1989, having completed overseas exchange programs through Vanderbilt at the University of Leeds and London School of Economics.
Prati worked briefly at Andersen Consulting (now Accenture), and Price Waterhouse before pursuing his MBA degree at the University of Rochester’s William E. Simon Graduate School of Business Administration and graduated in 1993.
Career
Prati started his career on Wall Street in 1993 at Dean Witter Reynolds, which was later acquired by Morgan Stanley. He worked in the as an investment banking associate. He then went to work for SG Warburg in New York and rose from entry-level to Executive Director.
In 1996, Prati joined Stamford, CT-based SoundView Technology Group where he thrived as a stock picker and leader of the firm. He later quit SoundView to launch his own independent research broker/dealer and co-founded American Technology Research (AmTech) with his partner and former CFO from SoundView, Curt Snyder. and Cree (CREE).
In 2008, Prati negotiated the sale of AmTech to Broadpoint for $35 million. After the sale of AmTech, Prati served as president and vice chairman of the equities division of Broadpoint, which later became Gleacher and Company (GLCH). He later left Gleacher and joined Birmingham, Alabama-based Sterne Agee, a firm that had pursued purchase of AmTech prior to the sale to Broadpoint.
In 2012, Prati left Sterne Agee and founded Prati Management an investment management business.
In addition to being the CEO of Life Care Medical Devices (LCMD), Prati serves as a board member for KNOW-BIO in Raleigh, Durham. He is also co-founder and Executive Chairman of Singular Medical Technologies in Winter Haven, FL. Previously, Prati also served as Vice Chairman of the Investment Committee for PVG Asset Management.
Political Activity and Philanthropy
Prati is active in the Republican Party, but leans towards Libertarianism. He established a family foundation, and already made substantial gifts for charities ranging from scholarships for gifted children and assistance for underprivileged children, to religious and medical charities, and several universities.
Personal Life
Prati and his first wife were involved in a divorce suit. He later married his girlfriend Anastasiia. Both now reside in New Smyrna Beach, FL.

Main Menu

See Also

Main Menu