CARRIGDHOUN
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Healthcare Technology
Strategy & Leadership

Boutique advisory firm delivering fractional Chief Product Officer services, strategic guidance, and transformative insights to healthcare technology companies.

30+
Years Experience
$3.6B+
M&A Transactions
$1B
IBM Merger Success

Leadership Profile

Steven F. Tolle brings three decades of healthcare technology expertise spanning artificial intelligence, medical imaging, value-based care, and digital health innovation.

Strategic Planning

Expert in portfolio strategy, M&A targeting, and organic growth initiatives. Led strategic positioning for multiple successful exits including Merge Healthcare's $1B acquisition by IBM.

Product Management

Chief Product Officer experience across SaaS, AI/ML, and healthcare technology platforms. Specialized in product-market fit, customer-driven development, and portfolio optimization.

Business Development

Proven track record negotiating major partnerships and co-development agreements. Led global business development at IBM Watson Health with focus on AI in radiology.

Venture Investment

Former General Partner at HLM Venture Partners. Led investments totaling over $200M in digital health, medical devices, and healthcare services companies.

Board Governance

Current Chairman and Independent Director roles across healthcare technology companies. Experience guiding startups through growth stages and strategic transitions.

Market Expertise

Deep knowledge across AI/ML, clinical trials, EHR systems, medical imaging, population health, and value-based pharmaceutical solutions.

Career Highlights

A proven track record of leadership in healthcare technology, venture capital, and strategic transformation.

IgniteData
Chief Product & Technology Officer
April 2024 – Present
Leading product strategy for SaaS platform transforming clinical trials data management using NLP and generative AI. Successfully launched Archer GA product in August 2024. Led Seed-2 fundraise of $5M.
Carrigdhoun Advisory
Managing Partner
July 2023 – Present
Founded boutique healthcare business development and product strategy consultancy. Provides Fractional Chief Product Officer services to healthcare technology companies. Current board roles include Chairman at Elligint Health and Independent Director at Intrasense.
HLM Investment Partners
General Partner
June 2019 – July 2023
General Partner at the oldest healthcare-dedicated venture firm in the United States. Led investments exceeding $200M including LetsGetChecked Series C ($71M), b.well Connected Health Series B ($30M), PatientPop Series C ($50M), and HealthEdge ($50M). Served as Chairman and Board Director across portfolio companies.
IBM Watson Health
Global VP, Business Development & Strategy
October 2015 – June 2019
Chief Strategist for Watson Health Imaging with responsibility for global market strategy and portfolio development. Led largest co-development deal in division history with Guerbet Group. Delivered first AI-based radiology product to market in 2016. Managed global Medical Imaging Collaborative network of academic health systems.
Merge Healthcare
Chief Strategy Officer & President, iConnect Network Services
November 2011 – October 2015
Led corporate and portfolio strategy for medical imaging company with $220M annual revenue. Orchestrated successful $1B sale to IBM in October 2015. Successfully streamlined product portfolio after multiple acquisitions, achieving multiple "Best in KLAS" awards. Led DR Systems acquisition ($70M) and iConnect Network launch addressing $1.5B market opportunity.

Advisory Services

Comprehensive strategic consulting and fractional executive leadership for healthcare technology organizations.

Fractional Chief Product Officer

  • Product strategy and roadmap development
  • Portfolio optimization and rationalization
  • Product-market fit assessment
  • Product team leadership and mentoring
  • Customer-driven product development

Strategic Planning

  • Corporate strategy development
  • Market analysis and positioning
  • Competitive intelligence
  • Growth strategy formulation
  • Strategic partnership identification

Business Development

  • Partnership negotiation and structuring
  • Co-development agreement facilitation
  • Strategic alliance formation
  • Customer acquisition strategy
  • Channel development

M&A Advisory

  • Acquisition target identification
  • Strategic fit assessment
  • Post-merger integration planning
  • Exit strategy development
  • Valuation and deal structuring guidance

Board & Advisory Positions

Active governance roles providing strategic oversight and industry expertise.

Elligint Health

Chairman of the Board
Edison, NJ | September 2023 – Present

Intrasense

Independent Director
Montpellier, France | May 2025 – Present

HLM Investment Partners

Advisory Board Member
Boston, MA | July 2023 – Present

Leap of Faith Technologies

Strategic Advisor
2024 – Present

Let's Connect

Available for advisory engagements, board opportunities, and strategic consulting projects.

📧 [email protected]
📱 (914) 216-1254
📍 Needham, MA & Galway, Ireland

© 2025 Carrigdhoun LLC Healthcare Advisory. All rights reserved.

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