Rick Norland

Current

Founder & President at Eirsen Health Care Inc.
Owner at Thorington Corporation

Past

Equity Specialist at SC Stormont Corporation
Consultant - Finance (Ottawa) at Deloitte & Touche
Corporate Finance (Toronto) at Nesbitt Burns

Education

Institute for Independent Business
Canadian Institute of Chartered Business Valuators
Richard Ivey School of Business, (The University of Western Ontario)

Professional Engineers of Ontario
The University of Western Ontario

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Connections

484 connections

Industry

Hospital & Health Care

Rick Norland’s Summary

- Eirsen Health Care will franchise the home health care concept and systems developed by Retire-At-Home in Ottawa since 1994.

- Since 1996, I have supported 14 startups, nine of which were VC-backed, six from the point of founding. Among the newly founded companies, I have co-founded four of them.

- I have participated in over 50 successful financial transactions, ranging from $50,000 to over $350 million, including private equity deals, IPOs, debt placements, and M&A transactions.

- My interests in understanding how to evaluate and then to pursue market opportunities have led me into many sector development efforts in Ottawa and elsewhere, and both as a volunteer and as a consultant. The common themes of these activities are a focus on high technology (ICT and life sciences) entrepreneurs on the one side, and Angel and venture capital communities on the other.

- I received an MBA and Bachelor of Engineering Science Degrees from The University of Western Ontario. Other accreditation includes both as a Professional Engineer and a Chartered Business Valuator. I am also an Accredited Associate of the Institute for Independent Business, a qualification for trusted business advisors to private companies.

Rick Norland’s Specialties:

My interest is actually being a part of the companies' start up team. Eirsen Health Care is my fourth company founding and, with a franchising model, will allow me to support the "company founding" of each franchisee. Before this, I co-founded three companies, been part of two other foundings, and a further eight startups. Of the 14 firms, 9 have been VC-backed. Industry interests are broad: telecom, photonics, IT networking, and biotech.

Rick Norland’s Experience

Founder & President

Eirsen Health Care Inc.

(Privately Held; 1-10 employees; Hospital & Health Care industry)

July 2006 — Present (3 years 5 months)

Eirsen Health Care Inc. was formed in August 2006 specifically to franchise the Retire-At-Home™ concept of RAH-Ottawa Inc., a successful home health care company that was started in Ottawa in 1994.

Our franchises will offer premium, customized healthcare services to senior citizens in their homes, 24 hours/day, 7 days/week. The range of services includes nursing care, personal care, everyday housework, meal preparation or delivery, shopping, and respite care.
Owner

Thorington Corporation

(Privately Held; Myself Only; Venture Capital & Private Equity industry)

January 1996 — Present (13 years 11 months)

Started in 1996, Thorington specializes in new company formation, assisting technology companies to grow from the founding or Seed Stage through to the Startup Stage. As a founding shareholder in newly established companies, Thorington strengthens early business fundamentals, particularly in the areas of attracting investment, corporate strategy, business planning, human resource recruiting, hands-on management, and financing assistance.

Rick Norland’s Education

Institute for Independent Business

AInstIB , Accredited private company advisor , 2001 — 2007
Canadian Institute of Chartered Business Valuators

CBV , Chartered Business Valuator , 1996
Richard Ivey School of Business, (The University of Western Ontario)

MBA , September 1986 — April 1988

Activities and Societies:

- Dean's Honour List, MBA I, 1987
- 3M Company Fellowship, 1987
- Faculty of Graduate Studies Scholarship, 1987
- Purchasing Management Association of Canada Fellowship, 1987
Professional Engineers of Ontario

PEng , Professional Engineer , 1986
The University of Western Ontario

B.E.Sc., , Mechanical and Materials Engineering , September 1979 — April 1984

Activities and Societies:

- The Undergraduate Engineering Society Honour Award, 1984

Additional Information

Rick Norland’s Groups:

- TiE, (The IndUS Entrepreneurs), Charter Member, (Ottawa),
- Sigma Chi, (Epsilon Omicron Chapter - London, Ontario, Life Loyal Sig),
- Ottawa Center for Research and Innovation, (OCRI), (Member),
- Institute for Independent Business