The University of Louisville’s College of Business added two alumni names to its Entrepreneurship Circle of Fame on Nov. 11.

Diane Medley, managing partner and co-founder of MCM CPAs & Advisors and a member of the UofL Foundation board of trustees, and W. Earl Reed III, founder of healthcare companies including Springstone and The Allegro Group, each received a crystal bowl during a reception in their honor. They bring to 13 the number of alumni who have been given the award since its inception in 2012.

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Diane Medley

Medley, who graduated from the College of Business in 1980 with a bachelor’s degree in accounting, has been practicing public accounting for more than 30 years. She has led MCM through several mergers and acquisitions, making the company the largest CPA firm in the region with more than 300 employees across five locations.

She called the award an “extreme honor,” and said that receiving it from acting COB Dean Alan Attaway – her favorite accounting professor when she was a student – brought her “full circle.”

She said throughout her career, she has been asked why she wanted to grow her company. Her reply was simple: “Because it’s fun.”

Medley added that her motto is “Do the right thing. Do it well.”

Reed, who earned an accounting degree from UofL in 1973, has been a member of the College of Business board of advisors for 20 years. He has a long history of managing health care companies and is the founder and chairman of Springstone, which operates a network of hospitals for mental health/substance abuse patients. He was also a founding partner of The Allegro Group, which provides healthcare financial and operating advisory services. 

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W. Earl Reed III

During his remarks, Reed reminisced about starting his career at Humana when the insurance giant was in its infancy, and said he is a “firm believer in timing and just being in the right place at the right time.” Since leaving Humana, in the past three decades he and his business partner have made $6 billion worth of transactions.

Despite his success, Reed said when he looked at the names of previous winners, it was a “humbling experience.”

“I appreciate all the work everyone does here for the university,” Reed said.

The award ceremony began with remarks by Van Clouse, chair of the Forcht Center for Entrepreneurship.

Clouse said the Entrepreneurial MBA offered at the college is “our best-known brand,” adding that the program consistently ranks among the top in the nation. The program’s 24th cohort began this year.

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Van Clouse

He said today’s entrepreneurial MBA students are collaborating with researchers across campus to turn their work into products that can go to market.

A granite monument with the names of Entrepreneurship Circle of Fame winners is located in Jane Goldstein Plaza just outside Harry Frazier Hall at the college.

The following is a list of past honorees:

2012: W. Stewart Cobb, ’56; Thomas R. Davidson, ’62; Terry E. Forcht, ’59; David A. Jones, ’54; James A Patterson, ’55; Daniel C. Ulmer, ’55.

2013: Kenneth C. Gardner, ’72.

2014: Kent Oyler, ’80 ’82 GB; Thomas A. Wimsett, ’86.

2015: Randall J. Bufford, ’81; Sean O’Leary, ’95 GB.

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Janet Cappiello covers the College of Business, the J.B. Speed School of Engineering, the College of Education and Human Development, the School of Interdisciplinary and Graduate Studies, Sustainability Council and military initiatives for the Office of Communications and Marketing. She has more than 30 years’ experience in journalism, including working for The Associated Press and magazines such as Vegetarian Times and Sustainability: The Journal of Record. She has been at UofL since March 2014.