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Advita Ortho commenced its official launch as a global medical device company. As previously reported, Aurelio Sahagun serves as the Chief Executive Officer of the new company following the close of Exactech’s sale.
Advita now owns and distributes established product lines such as the Equinoxe Shoulder, Vantage Ankle, Alteon Hip, Truliant Knee, Newton balancing technology and GPS navigation, and distributes the Spartan Hip and Triverse Knee lines, among others. Along with these product lines, it also now owns product data and has the engineering and manufacturing expertise gathered over more than 40 years. Advita acquired these assets and a team of employees from Exactech in conjunction with Exactech’s restructuring.
“Advita Ortho is built on a commitment to innovation, whether creating transformative ways to optimize the surgical experience, providing the latest in orthopedic implants and instruments, or using cutting-edge technology to improve efficacy and outcomes,” said CEO Aurelio Sahagun. “These advancements will empower surgeons with solutions that can deliver better outcomes and greater freedom for patients worldwide.”
Advita’s owners include funds managed by affiliates of Strategic Value Partners, Stellex Capital Management, and Greywolf Capital Management. The board of directors includes members of the company’s ownership group and:
- Luigi Ferrari, Chair: As a senior advisor to SVP and a healthcare investor with more than 30 years of experience, Ferrari is former CEO of Lima Corporate and former president of Orthofix Global Orthopedics, bringing extensive expertise guiding medical companies’ business decisions.
- Aurelio Sahagun, CEO: With more than 20 years of experience in orthopedic devices and dentistry, Sahagun has held leadership positions at the Straumann Group, Microport Orthopedics, Wright Medical Technology (now Stryker) and Medtronic.
- Andrew Ekdahl: Ekdahl’s background includes more than 30 years of global experience in various orthopedics leadership roles with Johnson & Johnson Medical Devices (DePuy Synthes and Ethicon).
- Dave Demski: Former CEO of Globus Medical, Demski also brings diverse medical device board of directors’ experience (Globus Medical, Alphatec Spine, Axonics, Paragon 28 and LEM Surgical).
- Steve C de Baca: Contributing extensive risk-assessment and regulatory expertise, de Baca has held leadership positions at Philips Healthcare, Cardinal Health, Zimmer Biomet, Boston Scientific and other healthcare companies.
- Gary Blackford, special advisor to the board: An experienced healthcare executive, Blackford is Chair of the board for Avanos Medical and served on the board for Wright Medical.
Source: Advita Ortho, LLC
Advita Ortho commenced its official launch as a global medical device company. As previously reported, Aurelio Sahagun serves as the Chief Executive Officer of the new company following the close of Exactech's sale.
Advita now owns and distributes established product lines such as the Equinoxe Shoulder, Vantage Ankle, Alteon Hip, Truliant...
Advita Ortho commenced its official launch as a global medical device company. As previously reported, Aurelio Sahagun serves as the Chief Executive Officer of the new company following the close of Exactech’s sale.
Advita now owns and distributes established product lines such as the Equinoxe Shoulder, Vantage Ankle, Alteon Hip, Truliant Knee, Newton balancing technology and GPS navigation, and distributes the Spartan Hip and Triverse Knee lines, among others. Along with these product lines, it also now owns product data and has the engineering and manufacturing expertise gathered over more than 40 years. Advita acquired these assets and a team of employees from Exactech in conjunction with Exactech’s restructuring.
“Advita Ortho is built on a commitment to innovation, whether creating transformative ways to optimize the surgical experience, providing the latest in orthopedic implants and instruments, or using cutting-edge technology to improve efficacy and outcomes,” said CEO Aurelio Sahagun. “These advancements will empower surgeons with solutions that can deliver better outcomes and greater freedom for patients worldwide.”
Advita’s owners include funds managed by affiliates of Strategic Value Partners, Stellex Capital Management, and Greywolf Capital Management. The board of directors includes members of the company’s ownership group and:
- Luigi Ferrari, Chair: As a senior advisor to SVP and a healthcare investor with more than 30 years of experience, Ferrari is former CEO of Lima Corporate and former president of Orthofix Global Orthopedics, bringing extensive expertise guiding medical companies’ business decisions.
- Aurelio Sahagun, CEO: With more than 20 years of experience in orthopedic devices and dentistry, Sahagun has held leadership positions at the Straumann Group, Microport Orthopedics, Wright Medical Technology (now Stryker) and Medtronic.
- Andrew Ekdahl: Ekdahl’s background includes more than 30 years of global experience in various orthopedics leadership roles with Johnson & Johnson Medical Devices (DePuy Synthes and Ethicon).
- Dave Demski: Former CEO of Globus Medical, Demski also brings diverse medical device board of directors’ experience (Globus Medical, Alphatec Spine, Axonics, Paragon 28 and LEM Surgical).
- Steve C de Baca: Contributing extensive risk-assessment and regulatory expertise, de Baca has held leadership positions at Philips Healthcare, Cardinal Health, Zimmer Biomet, Boston Scientific and other healthcare companies.
- Gary Blackford, special advisor to the board: An experienced healthcare executive, Blackford is Chair of the board for Avanos Medical and served on the board for Wright Medical.
Source: Advita Ortho, LLC
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
