MedShape Solutions, Inc. Appoints Jack Blair and Tom Hills to Board of Directors; Announces Additions to Management Team
ATLANTA (October 8, 2009) - MedShape Solutions, Inc, a developer of shape memory orthopedic devices, is pleased to announce the appointment of Jack Blair and Tom Hills to the Board of Directors effective immediately.
Mr. Blair has over 30 years of experience in the healthcare field, including serving as the President of Richards Medical Company (Smith & Nephew) as well as the Non-executive Chairman of DJO, Inc., (formerly NYSE-listed sports medicine company). Jack currently serves as a Director of NuVasive, Inc. (NASDAQ:NUVA), as Non-executive Chairman of Active Implants Corporation, and as a Director of Buckman Laboratories, a chemical company based in Memphis, TN.
"By leveraging the shape memory characteristics in PEEK Alteraâ„¢, MedShape will be able to generate new implant designs and techniques that were previously not possible. I am very excited to be part of this innovative organization,â" concluded Blair.
Mr. Hills is currently President and Chief Investment Officer of Hills Capital Management, a Barrington, Illinois investment company which manages public and private investment funds and is the lead equity investor in MedShape Solutions, Inc. â€œInvestment opportunities in platform technology companies like MedShape are rare and we are thrilled to be an integral part of it,â€ stated Hills.
MedShape Solutions, Inc. also announced today the appointment of Jim Lorenzo as Vice President of Sales and Rick Leach as the Senior Director of Marketing.
Mr. Lorenzo has over 20 years of sales and sales management experience in orthopedics with a majority of those years with DePuy Orthopedics, a Johnson & Johnson company. "Having someone of Jim's caliber join our organization speaks volumes to the type of company we are building. Jim's relationships and knowledge of introducing orthopedic devices will provide MedShape with a distinctive advantage in the marketplace," stated Chris Fair, MedShape's Chief Operating Officer.
Mr. Leach brings over 25 years of sales and marketing experience in orthopedics as well as a background in international markets. "Rick's diverse experience in sales, marketing and international markets will be instrumental as we launch products both in the U.S. and abroad. We are honored to have him join us," stated Fair.
MedShape Solutions recently introduced the Morphix Suture Anchor system in select markets across the U.S. The Morphix anchor is the only orthopedic device currently available that utilizes PEEK Altera, a proprietary shape memory PEEK material.
About MedShape Solutions, Inc.:
MedShape Solutions, Inc. is a privately held medical device company based in Atlanta, GA. MedShape Solutions, Inc. is committed to creating and delivering unique shape memory based technologies in the field of orthopedics and to Shaping the Future of Orthopedicsâ„¢. More information can be found at www.medshape.com
Morphix is a registered trademark of Medshape, Inc.