Russ Maddox

From Bhamwiki
Jump to: navigation, search

Russell H. Maddox was founder of Russ Pharmaceuticals and Diagnostic Health.

Maddox developed the immediate-release hydrocodone/paracetamol drug Lortab, aiming to fill a gap in the market between over-the-counter pain relievers and the strongest pain drugs. He initially focused on oncology and post-operative patients, but found a broader reach in dental procedures. He incorporated his company as the drug's sole distributor in 1984.

Maddox sold his company in 1989 for $28 million. In 1992 he launched Diagnostic Health, a chain of imagine centers, which was acquired by HealthSouth. He was hired as president and chief operating officer of what became the company's diagnostics division. It was spun off in 2007 to become the Diagnostic Health Corporation.

After leaving HealthSouth Maddox was brought on as chair of the start-up Cebert Pharmaceuticals in 1999 and as vice chair of HealthTronics Surgical Services of Marietta, Georgia in 2003.

Maddox and his wife, Susan, had three children: Russell Jr, Kelley and Leigh Ann.

References

  • "Diagnostic Health finds investor for support of center acquisitions." (June 15, 1994) Diagnostic Imaging
  • Milazzo, Don (October 10, 1999) "Ex-Scandipharm brass find next niche." Birmingham Business Journal