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Terren Scott Peizer
Born (1959-07-31) July 31, 1959 (age 65)
Beachwood, Ohio
Alma materWharton School of the University of Pennsylvania
OccupationFinancier
Websitewww.terrenpeizer.com

Terren Scott Peizer, is an investor,; financier,; and stock promoter founder, chairman and CEO of Ontrak.[1][2] He is also chairman the founder of the Los Angeles-based investment company Acuitas Group Holdings, and is the CEO of Ontrak.[3][4][5]

Peizer has held various senior executive positions within several technology and biotech companies. In the 1980s, and was employed by Goldman Sachs, First Boston and he was a bond trader at Drexel Burnham Lambert as a bond salesman.[6][7]

Early life and education

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Peizer was born in 1959, and raised in Beachwood, Ohio, a suburb of Cleveland.[8] He graduated from the Wharton School of the University of Pennsylvania.[9]

Career

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Early career and Drexel Burnham Lambert

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In 1983, Peizer worked began his career at Goldman Sachs[9] and First Boston, where he worked as a high yield bond salesman.[10] After two years there he was interviewed by Michael Milken then hired Peizer as a bond salesman for a position at Drexel Burnham Lambert in 1985.[11] Peizer received Even though Michael's brother Lowell disapproved of Peizer, he was hired nevertheless, and given a $3.5 million dollar salary, as well as and a $500,000 loan, so he could to invest in the partnership.[12] Peizer worked directly under (and at the same desk as) Milken, whom he admired, sometimes pretending to be him on the phone, and calling him "Dad".[10]

When investigations into Milken's illegal activities started, Peizer approached the investigators, and offered them agreed to provide material evidence, to prosecutors in exchange for immunity.[6] Peizer later claimed he felt "compelled" to testify against Milken,[11] although he (Peizer) was not specifically the subject of the investigation.[8]

1989–2000

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In 1989, after losing his job at Drexel Burnham Lambert (who were about to go bankrupt), Peizer moved back to his parents in Cleveland, and purchased a minor league basketball team, the Omaha Racers, which he sold again after about a year.[13][14][15]. He sold his majority stake a year later.[16]

Major deals and financial transactions

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Following his departure from Drexel Burnham Lambert, Peizer took on leadership roles at a series of medical and technology companies and promoted their stocks.[4] In Between 1991 and '95 Peizer was also he became Chairman & CEO of Urethane Technologies (then UTI Chemicals), which was producing produced bicycle tires.[17] He exited the company in 1994;[18] it The company had been making losses since its inception in 1985, and went bankrupt in 1997.[19]

From 1993 to '95 he 1995, Peizer was the Chairman at of CMS Enhancements (a subsidiary of Ameriquest), which produced computer parts.[20] From 1997 to '99 1999, Peizer he was president of Hollis-Eden, a pharmaceutical company that was developing a drug that would work against to treat HIV/AIDS, malaria, tuberculosis & biowarfare.[11][19] In August 1999, Peizer raised money for became chairman of Tera Computer Company, a manufacturer of supercomputers, which allowed them to later buy out Cray Research. Peizer became chairman & director of Cray, until he stepped back one year later. At Tera, Peizer raised funding and led the acquisition of Cray from SGI in March 2000. The merged company took the name Cray, Inc.[21] Peizer left the chairman role at Cray in December 2000 but stayed with the company as a director.[22]

Financial vehicles

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Over the years Peizer has used the following holding and investment companies to conduct business (listed roughly in chronological order):

  • Financial Group Holdings (California) [23]
  • Beachwood Financial (California) [24]
  • Wendover Financial (California) [25]
  • Socius Capital Group (Delaware) [26]
  • Socius CG II (Bermuda) [27]
  • Crede Capital Group (Delaware) [28]
  • Crede CG II (Bermuda)
  • Crede CG III (Bermuda) [29]
  • Intellect Capital Group (Delaware) [26]
  • Acuitas Group Holdings (California) [25]
  • Acuitas Capital Group (California) [28]
  • Acuitas Financial Group (California) [30]
  • Optimus Capital Partners (Delaware) [30]
  • Optimus CG II (Cayman Islands)
  • Optimus Life Sciences Capital Partners (Cayman Islands) [31]

Prometa

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Main article: Prometa

Peizer founded Hythiam, an addiction treatment company, in 2004.[32] According to Peizer, he became interested in addiction treatment because of his half-brother's struggles with addiction.[4][32] In 2007, 60 Minutes and The Dallas Morning News have criticized Peizer for bypassing after Hythiam circumvented clinical studies and government approval when bringing his Prometa, a treatment program for methamphetamine addiction, to market.[33][34]

In 2011, Hythiam changed its name to Catasys, retaining Peizer as chairman and CEO of the company.[35]

2018–present

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In 2018, Peizer became CEO and director of BioVie, a pharmaceutical company.[5] In July 2020, Catasys, of which Peizer is chairman and CEO, changed its name to that of its Ontrak product.[36]

References

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  1. ^ "Board of Directors". Ontrak. Retrieved 12 August 2020.
  2. ^ Hackett, Mallory (3 November 2020). "Ontrak deepens its behavioral health platform with LifeDojo acquisition". MobiHealthNews. Retrieved 25 November 2020.
  3. ^ "22nd Century Group: A Lot Of Smoke, Not Enough Fire". nasdaq.com.
  4. ^ a b c Alpert, Bill (7 November 2005). "Curb Your Cravings For This Stock". The Wall Street Journal. Retrieved 12 August 2020.
  5. ^ a b Iral, Vince (4 July 2018). "BioVie sells stock, warrants to Acuitas, names CEO". S&P Global. Retrieved 22 July 2020.
  6. ^ a b Labaton, Stephen (10 December 1988). "4th Drexel Employee in Immunity Bargain". The New York Times. Retrieved 12 August 2020.
  7. ^ Eichenwald, Kurt (20 October 1990). "Kohlberg, Kravis Official Tells of a Hidden Milken Stake". The New York Times. Retrieved 11 August 2020.
  8. ^ a b Lee, Patrick (31 July 1994). "In the Shadow of the '80s : Yesterday's High Rollers Struggle in a New Era of Sobriety". Los Angeles Times.
  9. ^ a b "Catasys Inc (CATS.OQ)". Reuters. Retrieved 17 August 2020.
  10. ^ a b Griffin, Nancy; Masters, Kim (1997). Hit & Run: How Jon Peters and Peter Guber Took Sony for a Ride in Hollywood. p. 143.
  11. ^ a b c Eaton, Leslie (17 February 1998). "No Sales, but Watch the Stock Soar". The New York Times.
  12. ^ Kornbluth, Jesse. Highly confident: The Crime and Punishment of Michael Milken. p. 213. {{cite book}}: Cite has empty unknown parameter: |1= (help)
  13. ^ "Omaha CBA team sold to Los Angeles banker". The Lincoln Star. 7 September 1989. p. 18. Retrieved 11 August 2020.
  14. ^ "Of Rats and Riches". Financial World. 1994-04-26. p. 22.
  15. ^ "Fun While it Lasted: 1989-1997 Omaha Racers".
  16. ^ Soderlin, Barbara (28 February 2014). "For Idelman, core values led to success; ego didn't". Omaha World-Herald. Retrieved 11 August 2020. Idelman and his wife and business partner, Sheri Idelman, bought the minor-league Omaha Racers in 1990.
  17. ^ Michaud, Anne (10 April 1991). "Drexel Figure Gains Control of UTI Chemicals". Los Angeles Times. Retrieved 11 August 2020.
  18. ^ "Jim Orefice has been appointed chairman..." Los Angeles Times. 7 February 1994. Retrieved 11 August 2020.
  19. ^ a b "Small world, ain't it?". Forbes. 5 September 1999.
  20. ^ "CMS Enhancements Names New Top Management Team". LA Times.
  21. ^ "L.A. Financier Reemerges as Key Player in Cray Deal". Los Angeles Business Journal. 6 March 2000.
  22. ^ "Cray Inc. Names President, CEO Rottsolk Chairman". The Wall Street Journal. 26 December 2000. Retrieved 12 August 2020.
  23. ^ "Drexel Figure Gains Control of UTI Chemicals". Los Angeles Times.
  24. ^ "In the Shadow of the '80s : Yesterday's High Rollers Struggle in a New Era of Sobriety". Los Angeles Times.
  25. ^ a b "Terren S. Peizer - About Me". terrenpeizer.com.
  26. ^ a b "Terren Peizer Biography". marketscreener.com.
  27. ^ "DayStar Technologies, Inc. - Schedule 13G". sec.gov.
  28. ^ a b "Linkedin - Terry Peizer profile". linkedin.com.
  29. ^ "Terren Peizer's Crede Capital Group invests $15 million into Net Element". terrenpeizer.com.
  30. ^ a b "Growth Capital Investor" (PDF). growthcapitalist.com.
  31. ^ "Advaxix - Notice of Redemption and Settlement Agreement". sec.gov.
  32. ^ a b Bartholomew, Dana (7 December 2018). "Catasys Thrives on Data Dives". Los Angeles Business Journal. Retrieved 12 August 2020.
  33. ^ "Prescription For Addiction". 60 Minutes. CBS News. December 9, 2007. Archived from the original on 2020-08-05. Retrieved 2008-08-22. {{cite news}}: |archive-date= / |archive-url= timestamp mismatch; 2007-12-31 suggested (help)
  34. ^ Ramshaw, Emily (January 20, 2008). "Texas' Prometa program for treating meth addicts draws skeptics". Dallas Morning News. Archived from the original on 2020-08-05. {{cite news}}: |archive-date= / |archive-url= timestamp mismatch; 2010-10-27 suggested (help)
  35. ^ Crowe, Deborah (17 March 2011). "Hythiam Changes Name". Los Angeles Business Journal. Retrieved 12 August 2020.
  36. ^ "BRIEF-Catasys Says Co Will Adopt Name Of Ontrak". Reuters. 6 July 2020. Retrieved 12 August 2020.


Category:1959 births Category:American investment bankers Category:Drexel Burnham Lambert Category:Goldman Sachs people Category:HIV/AIDS researchers Category:Year of birth missing (living people) Category:Living people Category:People from Beachwood, Ohio

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