Alphatec Manufacturing, Inc., a HealthpointCapital Company, Announces Appointment of President & Chief Operating Officer, Ronald G. Hiscock
BY EDITOR, JULY 12, 2005
Alphatec Manufacturing, Inc. is one of the largest independent spinal implant companies in the world.
NEW YORK, New York and CARLSBAD, California, July 12, 2005 /PRNewswire/--
HealthpointCapital Partners, L.P. ("HealthpointCapital") and Alphatec Manufacturing Inc., ("Alphatec") announced the appointment of Ronald G. Hiscock as President and Chief Operating Officer of Alphatec. Mr. Hiscock is a proven healthcare executive and specialist in building small to mid-size companies. He is also recognized for acquisition consolidation at NovaCare Inc., and Benchmark Medical Inc. where he purchased and successfully integrated about 150 companies.
John H. Foster, founder of HealthpointCapital and Chairman and Chief Executive Officer of Alphatec, is a long-time associate of Mr. Hiscock. Foster said, "I'm delighted to be working with Ron again. He's a healthcare veteran with a long track record of building shareholder value."
"The spine segment of orthopedics is large and still growing quickly," said Foster. "The winners in this space will be those companies which can develop management and support structure to match revenue growth. Only the rare executive can orchestrate successful organization development in the face of open-ended growth. Ron Hiscock has the experience to build Alphatec into the leading independent spine company in the United States and Japan."
Alphatec Manufacturing, Inc.
Alphatec was founded in 1990, is values-driven, and has metamorphosed into a pure spine company. It designs, manufactures and distributes a broad line of spinal fusion products. It sells exclusively in the U.S. and Japan through a network which is staffed by direct sales personnel and distributors. The company has 120 employees and is located in Carlsbad, CA.
HealthpointCapital
HealthpointCapital Partners II, L.P. is a values-driven, research-based private equity firm exclusively focused on the orthopedic and dental device businesses. HealthpointCapital has $500 million of institutional capital under management.
Additional Information
CONTACT:
Media, John McCormick of HealthpointCapital, 212-935-7780, jmccormick@HealthpointCapital.com
Web sites: http://www.alphatecmfg.com and http://www.HealthpointCapital.com
