Mitchell J. Blutt is an American physician-businessman. He is one of the first physicians to play a prominent role on

Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ...

by drawing on his medical training to identify investment potential in healthcare companies. He is the founder and CEO of the New York-based healthcare investment firm, Consonance Capital, and a former Executive Partner of J.P. Morgan Partners. He is also a Clinical Assistant Professor of Medicine in the Department of Medicine at

Weill Cornell Medicine Weill Cornell Medicine (; officially Joan and Sanford I. Weill Medical College of Cornell University), originally Cornell University Medical College, is the medical school of Cornell University, located on the Upper East Side of Manhattan in Ne ...

and the Graduate School of Medical Sciences of

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

Physician & Businessman

In 1978, he graduated from the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

. Blutt created his own undergraduate course of study. As a graduate of the

University of Pennsylvania School of Medicine The Perelman School of Medicine (commonly known as Penn Med) is the medical school of the University of Pennsylvania, a Private university, private, Ivy League research university located in Philadelphia. Founded in 1765, the Perelman School of M ...

(1982) he completed his medical residency at the New York Hospital/Cornell Medical School (1985). He held the

Robert Wood Johnson Foundation The Robert Wood Johnson Foundation (RWJF) is an American philanthropic organization. It is the largest one focused solely on health. Based in Princeton, New Jersey, the foundation focuses on access to health care, public health, health equity, ...

Clinical Scholars Fellowship at Penn while simultaneously receiving his MBA from Wharton (1987). Blutt was hired in 1987 by what became J.P. Morgan Partners. From 1987 to 1999, Blutt spent four days at his investment office and one day a week at

Cornell University Medical Center Weill Cornell Medicine (; officially Joan and Sanford I. Weill Medical College of Cornell University), originally Cornell University Medical College, is the medical school of Cornell University, located on the Upper East Side of Manhattan in Ne ...

to teach and see patients.

Consonance Capital

Blutt remains a Clinical Assistant Professor of Medicine at Weill Cornell Medicine. In 2005, he founded Consonance Capital, an investment firm focused on equity investments in stocks of small public health-care companies. The hedge fund is managed by Consonance Capital Management. Blutt's original partners in the hedge fund are Dr. Benny Soffer and Kevin Livingston. Consonance Capital has public market and private equity professionals immersed in the health sector full-time. Blutt also launched a private equity program managed by Consonance Capital Partners with partners Benjamin Edmands, Stephen McKenna and Nancy-Ann DeParle. Consonance Capital Partners invests in privately owned healthcare companies. The PE fund completed its initial financing at $500 million and raised its second fund at $856 million in May 2020.

Professional Memberships and Services

Blutt has held memberships in associations and committees and served on boards, among them The Michael J. Fox Foundation for Parkinson's Research. He has contributed columns on “Intelligent Investing” for ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

''.
Forbes.com He is a former trustee of the University of Pennsylvania and of Penn Medicine, the medical school and health system of Penn, of the

Brearley School The Brearley School is an American all-girls private school on the Upper East Side of Manhattan, New York City. It educates approximately 770 girls in grades K–12, with approximately 50 to 65 students per grade. In addition to being a member ...

and was on past corporate boards of directors, including

Cardinal Health Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals ...

and

Fisher Scientific Fisher Scientific International, Inc. (NYSE: FSH) was a laboratory supply and biotechnology company that provided products and services to the global scientific research and clinical laboratory markets until its merger with Thermo Electron in 20 ...

. Currently, he is a member of the

New York Academy of Medicine The New York Academy of Medicine (the Academy) is a health policy and advocacy organization founded in 1847 by a group of leading New York metropolitan area physicians as a voice for the medical profession in medical practice and public health r ...

; the Board of Advisors, School of Arts and Sciences, University of Pennsylvania; the Board of Advisors of The Wharton School; and the Board of Fellows and Executive Committee of Weill Cornell Medicine, the medical school of Cornell University. Blutt also serves on the board and Executive Committee of

The Commonwealth Fund The Commonwealth Fund is a private American foundation whose stated purpose is to "promote a high-performing health care system that achieves better access, improved quality, and greater efficiency, particularly for society's most vulnerable, inc ...

, a health policy research foundation, where he is also the Chair of the Investment Committee. He is also The Chairman of the University of Pennsylvania's Center for Health Incentives & Behavioral Economics (CHIBE) External Advisory Board. Blutt's philanthropy includes multimillion-dollar contributions to Penn; in 2007 his support was recognized with the School of Medicine's Alumni Service Award. In 2018 Blutt was awarded the Alumni Award of Merit, the highest award given by the

. Blutt has also supported music at Penn through endowing the Blutt Singer Songwriter Symposium, which has supported

Lou Reed Lewis Allan Reed (March 2, 1942October 27, 2013) was an American musician and songwriter. He was the guitarist, singer, and principal songwriter for the rock band the Velvet Underground and had a solo career that spanned five decades. Althoug ...

Patti Smith Patricia Lee Smith (born December 30, 1946) is an American singer, songwriter, poet, painter, author, and photographer. Her 1975 debut album '' Horses'' made her an influential member of the New York City-based punk rock movement. Smith has fu ...

Graham Nash Graham William Nash (born 2 February 1942) is a British and American musician, singer and songwriter. He is known for his light tenor voice and for his contributions as a member of the Hollies and Crosby, Stills, Nash & Young, Crosby, Stills ...

Rufus Wainwright Rufus McGarrigle Wainwright (born July 22, 1973) is a Canadian and American singer, songwriter, and composer. He has recorded eleven studio albums and numerous tracks on compilations and film soundtracks. He has also written two classical opera ...

Questlove Ahmir K. Thompson (born January 20, 1971), known professionally as Questlove (stylized as ), is an American drummer, record producer, disc jockey, filmmaker, music journalist, and actor. He is the drummer and joint frontman (with Black Thought ...

Nona Hendryx Nona Bernis Hendryx (born October 9, 1944) is an American vocalist, record producer, songwriter, musician, and author. Hendryx is known for her work as a solo artist as well as for being one-third of the trio Labelle, who had a hit with "Lady Ma ...

, and

Japanese Breakfast Japanese Breakfast is an American indie pop band from Philadelphia, Pennsylvania, formed in 2013. The project is fronted by vocalist, guitarist and primary songwriter Michelle Zauner; she is joined in its current iteration by long-serving music ...

. In addition, Blutt and his wife have gifted $4.5 million to the University of Pennsylvania and three presidential professorships in each of the three schools he attended at Penn: the School of Arts and Sciences, the Raymond and Ruth Perelman School of Medicine and the Wharton School. Presidential professorships support faculty from underrepresented minority groups.

Family

Blutt married Margo Krody, a former

New York City Ballet New York City Ballet (NYCB) is a ballet company founded in 1948 by choreographer George Balanchine and Lincoln Kirstein. Balanchine and Jerome Robbins are considered the founding choreographers of the company. Léon Barzin was the company's fir ...

dancer, in 1993. They have three children.

References

{{DEFAULTSORT:Blutt, Mitchell J. Living people American financiers American hedge fund managers American investors American money managers American health care chief executives American stock traders Physicians from New York (state) Stock and commodity market managers University of Pennsylvania alumni Perelman School of Medicine at the University of Pennsylvania alumni Wharton School alumni Year of birth missing (living people)