The passion for entrepreneurship has been on the upswing for many years as evidenced in the surge of start-ups and angel investors. But the bug had spared medical professionals who always have their hands full.
However, Dr. Eric George, renowned hand surgeon and the founder and CEO of ERG Enterprises broke that convention by his calibrated ventures starting from healthcare establishments to so many diverse areas of investment.
Taking out time beyond teaching in medical schools and practicing hand surgery, Eric George has been growing as an investor in the medical and non-medical sectors.
By balancing his medical career and investment areas George has emerged as a big-time entrepreneur. The doctor’s career as an entrepreneur and investor started in 2006 when he founded ERG Enterprises; a venture investment firm based in New Orleans and became its chief executive.
Very recently he shared some insights on a conversation with The Playbook host David Meltzer regarding strategies that can be put to use in the “people business.”
The surgeon’s first book published in 2019, “We: Ditch the Me Mindset and Change the World” highlights life experiences as a doctor and entrepreneur.
In the recent interview, the doctor noted that his entrepreneurship journey was guided by the desire to help others and keeping faith in the right people and the right ideas. Eric George also emphasized applying best practices to build trust within a team.
Doctor Eric George has underscored the importance of consistent hard work in becoming a successful entrepreneur.
Quoting Apple founder Steve Jobs, he reiterated what separates successful entrepreneurs from the non-successful ones is “pure perseverance.”
Interests beyond medical career
Eric George, now in the 50s hails from Huntington in West Virginia and had his medical degree from Marshall University. He had a double-major in chemistry and political science and was offered admission to medical school as well as law school.
In medical science, George specialized in orthopedic hand surgery and completed the medical course from the School of Medicine in 1989. The surgeon also earned additional qualifications in General Trauma Surgery and Plastic Surgery. He is also a fellow at the Mayo Clinic in Phoenix, Arizona.
Sets up Hand Center of Louisiana
In the early days of investment, George founded the Hand Center of Louisiana and co-founded Omega Hospital in 2003. As CEO of the Hand Center, he treats NFL, New Orleans Saints and NBA athletes, high-profile celebrities, and professionals in the oil and gas industry, and other businesses.
Omega Hospital was set up as a specialty surgical hospital with luxury standards in the Greater New Orleans area focused on hiking the patient experience by offering rooms with microwaves, additional beds, and mini-bars for family members who stayed overnight.
Diversification to the hospitality industry
ERG started diversifying beyond healthcare in 2009 and partnered with The Berger Company to purchase the Windsor Court Hotel in New Orleans owned by the Orient Express Hotels in London.
ERG Enterprises also bought the famed Orpheum Theater in 2013 and restored it to the original glory after battered by Hurricane Katrina. Orpheum Theatre was reopened in August 2015.
Today, ERG Enterprises owns several prime properties in New Orleans. Windsor Court Hotel, Royal Orleans Hotel, Pontchartrain Hotel, Westin Canal Place, The Frenchmen Hotel, and Thompson Nashville.
In 2019, ERG joined Gayle Benson and her investment vehicle in acquiring the Hyatt Regency New Orleans. It was the largest hotel acquisition deal in the history of Louisiana. Dr. Eric George’s net worth is around $500 million as of May 2020.