Fletcher J. McCusker, Chief Executive Officer
UAVenture Capital was founded by Fletcher J. McCusker and Michael Deitch, the CEO, CFO team at SinfoníaRx and also the duo behind the startup to IPO of Tucson based Providence Service Corporation (Nasdaq: PRSC). Fletcher, a 1974 UofA graduate, started Providence in 1997 with a $50,000 investment, grew the company to $55,000,000 in revenue and went public in 2003. Providence then grew to a billion dollar business, and is, by far, the most successful public company ever launched in Tucson. Michael and Fletcher left Providence in 2013 to assist Tech Launch in its commercialization efforts by becoming the “business drivers” for UofA spinout SinfoníaRx. Invented by College of Pharmacy faculty, SinfoníaRx pioneered medication therapy management, designed to assure physician written prescriptions are safe, don’t conflict with other medications and are age appropriate and necessary. The company allows its clients to comply with Medicare requirements and saves them money by preventing unnecessary or ineffective prescriptions. Patient health is improved by direct pharmacist interaction and medication review. As Chairman of the Rio Nuevo District (downtown Tucson's revitalization board) Fletcher is credited with spearheading much of the development downtown since moving downtown in 2010.
Fletcher is a UofA alumnus of the year, holds an honorary Doctorate awarded in 2014, endowed the Public Programs Chair, scholarships a member of the tennis team and sits on several UofA advisory boards.
Michael N. Deitch, President & Co-Founder
Michael was the founding CFO at both SinfoníaRx, Inc. (now a subsidiary of Nasdaq: TRHC) and The Providence Service Corporation (Nasdaq: PRSC). He has deep experience in mergers and acquisitions and negotiating terms and conditions of financing arrangements including private equity capital, mezzanine capital, and commercial lending.
Michael and Fletcher have been working together for over 20 years and together they have closed over 30 acquisitions, taken a company from inception through its initial public offering including two follow-on offerings, and have raised millions of dollars of financing.
Prior to starting PRSC, Michael worked in industry serving as director of financial controls for Crawford & Company (CRD) a New York Stock Exchange listed company specializing in health care and business claims adjusting. He also worked as a senior member of the tax department for Glasrock Home Health Care Inc., a wholly owned subsidiary of the New York Stock Exchange listed company British Oxygen Company now known as The BOC Group. Prior to working in industry, he worked in public accounting providing audit, tax and litigation support services.
Michael is a certified public accountant and received a bachelor’s degree in accounting from the University of Tennessee in 1979 and a master’s degree in business administration from the University of Tennessee in 1981.