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An affiliate of the investment firm H.I.G. Capital has completed the acquisition of the Spine division of ZimVie. The acquired business will operate as an independent entity under the name Highridge Medical.
Headquartered in Westminster, Colorado, Highridge develops and manufactures products designed to treat a range of spine pathologies. Glen Kashuba will join Highridge as the Chief Executive Officer and Rebecca Whitney will continue as President of Spine. Eric Major, founder and former CEO of K2M, will serve as Executive Chairman of the Board of Directors, and Chris O’Connell, former EVP & Group President at Medtronic and CEO of Waters Corporation, will also join the Board of Directors.
Glen Kashuba commented, “Highridge has a robust foundation of spine solutions supported by extensive clinical evidence and patient outcomes to build upon. The Company is committed to improving spine care by investing in R&D, product innovation and introducing additional product offerings to restore mobility and alleviate pain for patients around the world. We believe our partnership with H.I.G. to create the largest privately held spine business in the industry will generate lasting benefits for distributors, surgeons, and patients.”
Rebecca Whitney added, “We are excited to begin this next chapter with H.I.G. The current management team has made significant progress across the organization, and we are encouraged by the growth opportunities ahead for our business. We believe this partnership will solidify Highridge’s market leading position and will deliver increased value to the surgeons and patients we serve.”
“I am thrilled to embark on this new chapter alongside Highridge and H.I.G.,” stated Eric Major. “We are committed to a culture of rapid innovation, informed by pioneering surgeons, and driven by our dedicated team. We will expand and continue to invest in our strong technology portfolio of best-in-class solutions.”
Other H.I.G. medical device investments include Augmedics, Vertiflex (acquired by Boston Scientific), Neuwave Medical (acquired by J&J) and Intact Vascular (acquired by Philips).
Source: H.I.G. Capital
An affiliate of the investment firm H.I.G. Capital has completed the acquisition of the Spine division of ZimVie. The acquired business will operate as an independent entity under the name Highridge Medical.
Headquartered in Westminster, Colorado, Highridge develops and manufactures products designed to treat a range of spine pathologies....
An affiliate of the investment firm H.I.G. Capital has completed the acquisition of the Spine division of ZimVie. The acquired business will operate as an independent entity under the name Highridge Medical.
Headquartered in Westminster, Colorado, Highridge develops and manufactures products designed to treat a range of spine pathologies. Glen Kashuba will join Highridge as the Chief Executive Officer and Rebecca Whitney will continue as President of Spine. Eric Major, founder and former CEO of K2M, will serve as Executive Chairman of the Board of Directors, and Chris O’Connell, former EVP & Group President at Medtronic and CEO of Waters Corporation, will also join the Board of Directors.
Glen Kashuba commented, “Highridge has a robust foundation of spine solutions supported by extensive clinical evidence and patient outcomes to build upon. The Company is committed to improving spine care by investing in R&D, product innovation and introducing additional product offerings to restore mobility and alleviate pain for patients around the world. We believe our partnership with H.I.G. to create the largest privately held spine business in the industry will generate lasting benefits for distributors, surgeons, and patients.”
Rebecca Whitney added, “We are excited to begin this next chapter with H.I.G. The current management team has made significant progress across the organization, and we are encouraged by the growth opportunities ahead for our business. We believe this partnership will solidify Highridge’s market leading position and will deliver increased value to the surgeons and patients we serve.”
“I am thrilled to embark on this new chapter alongside Highridge and H.I.G.,” stated Eric Major. “We are committed to a culture of rapid innovation, informed by pioneering surgeons, and driven by our dedicated team. We will expand and continue to invest in our strong technology portfolio of best-in-class solutions.”
Other H.I.G. medical device investments include Augmedics, Vertiflex (acquired by Boston Scientific), Neuwave Medical (acquired by J&J) and Intact Vascular (acquired by Philips).
Source: H.I.G. Capital
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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.
