Steven Labrum
I have over a decade of medical device experience. Most recently I served as VP of Global OEM at Merit Medical Systems. I've also worked in direct sales in the hospital and surgical center settings.
Areas of Expertise
Medical Device Design and Development
I have worked on hundreds of design projects for nearly every major medical device company in the world through my experience with Merit Medical's OEM division.
OEM & Hospital Sales
I have been both a salesperson in the hospital, as well as OEM sales to other medical device companies. I have also lead a worldwide salesforce working with other Medical Device companies around the globe.
Executive Leadership in finance and contracts
As VP of Global OEM, I was responsible for managing my own division. I also had extensive experience negotiating broad contracts for licensing and manufacturing. Lastly, as part of our sales efforts, I often had to put together financial models for the development of medical devices.
Reviews
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NFThere are few leaders that can get to know their employees on a personal level and yet continue to be a leader in a business setting like Steven. His knowledge of the medical industry along with Merits core products, gave him the ability to sit face to face with the decision makers on million dollar deals and convince them of their need for Merits products. I appreciate the drive and motivation I recieved from Steven in both my personal life and my career.
Nick Francis -
KKNew and veteran sales reps at Merit were lucky to have Steven as a mentor. His deep understanding of the medical device business helped colleagues, customers, and prospective customers understand Merit's products and navigate the sometimes complicated OEM manufacturing process. Steven is a born salesman, quick on his feet, and will continue to accomplish great things in any sales or business leadership position.
Kyle Knowles
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JWSteven Labrum is an experienced and accomplished executive. I reported directly to Steven and was impressed by his ability to breakdown internal and external barriers in a complex business environment. He inspires the best in his employees by allowing them enough autonomy to utilize their talents, while giving targeting goals, constructive feedback, and accountability. With a proven ability to build a highly productive and cohesive team and a sound understanding of how to promote and grow a division, Steven would be a valuable asset to any executive management team.
Josh Wangsgard, M.B.A.
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JLSteve has proven himself as a results-oriented, determined, and customer centric leader. From M&A integration to sales leadership, he has gained the respect of industry and colleagues as a multi-disciplinary, driven professional in the OEM medical device sector.
Justin Lampropoulos
Investing Profile
- Investor Overview
- 4-7 investments
- Invests $50,000 per company
- Other Investments
- evacarlston.com (residential treatment center), allkindsoftherapy.com (online) OR Image Solutions (defunct - surgical image storage), Proteus (defunct -Brazilian ink cartridge processor), other small investments
My Interests
- Health Sectors
- Medical Devices, Biotech, Healthcare Delivery, Pharmaceuticals, Diagnostics
Experience
VP, Global OEM
Merit Medical Systems, Inc. | August 2011 - September 2013
Promoted to management of Global OEM strategy, sales and marketing including development of new geographical markets, new product introductions, regulatory strategies, and product design. Manage international team of engineers, sales managers, marketers, and customer service to aggressively build Merit Medical's global OEM business selling to other medical device manufacturers.
Director, OEM Sales
Merit Medical Systems, Inc. | August 2010 - August 2011
Promoted to Director of Worldwide Sales for Merit Medical OEM division.
OEM Business Development Manager
Merit Medical Systems, Inc. | October 2008 - August 2010
Responsible for OEM Medical Device Sales to Western Canada, USA, and Mexico, as well as Asia Pacific. I traveled weekly to meet with management and engineers from other medical device companies to help them find solutions for their products, many times including design, molding, and regulatory support.
Sales Representative
Stryker Communications | February 2006 - March 2008
Designed and sold Integrated Operating Room Systems including surgical lights, AV equipment, Surgical Tables, and ICU booms. Worked in the clinical area with all levels of staff from nursing up to the C-Suite.
OEM Product Development Manager
Merit Medical Systems, Inc. | June 2004 - February 2006
After working on Fred Lampropoulos's political campaign, I was invited to join Merit Medical in a new role comprising: developement and sales of custom and off-the-shelf OEM medical disposables to other manufacturers in the medical device industry.
Chief Aide
Fred Lampropoulos for Governor (Utah) | May 2002 - May 2004
Supported gubernatorial candidate Fred Lampropoulos as his chief aide during a two-year grassroots campaign across the State of Utah. I traveled extensively with Mr. Lampropoulos and took care of various tasks including speech, radio ad and letter writing, event coordination, research and reporting, along with several advertising and political promotion campaigns.
Education
University of Utah - David Eccles School of Business
Master of Business Administration (M.B.A.) | Business and Health Services Administration | 2001 - 2002
Brigham Young University
BS | Business | 1997 - 2001