Dick Allen, Advisory Partner



Dick Allen has over 40 years experience in the health care industry, both as an operating executive and as a seed capital investor/board member. He started his career at Baxter Healthcare, holding management positions in finance and operations. After leaving Baxter, Dick co-founded Caremark, the venture capital-backed pioneer of IV infusion therapy delivered in the home. He led the finance and operations functions for the company and played a key role in a successful IPO just three years after its founding. Since Caremark’s sale to Baxter in 1987, Dick has been President of DIMA Ventures, a privately-held firm that provides seed capital and board support for start-up companies in the health care field. In this capacity, he has been a founder, board member, or early-stage private investor in more than a dozen companies, including Pyxis, Micro Therapeutics, IntelliDOT, Tandem Diabetes Care, Pacific Pulmonary, Eventide/SCRMA, and American Biosurgical.

Dick is a Lecturer in Management at the Stanford Graduate School of Business where he teaches a course entitled “Managing Growing Enterprises”. He is a past Chairman of the Board of Directors of Hoag Memorial Hospital Presbyterian and the Orange County Business Council, and he currently serves as Chairman of Tandem Diabetes Care and the Orange County Community Foundation. He is also on the Board of Directors of the Juvenile Diabetes Research Foundation International.

Dick received his B.S. degree (cum laude) from Yale University and an M.B.A. from Stanford University Graduate School of Business. He was born and raised in Sioux City, Iowa and has been married to his wife Mary for 43 years. They live in Newport Beach, California and have two grown children and two grandchildren.

Accelon’s Limited Partners are highly reputed institutional investors and high net worth individuals with decades of private equity investing experience and operating experience.