Alphatec Manufacturing, Inc. is one of the largest independent spinal implant companies in the world.
NEW YORK and CARLSBAD, Calif., Aug. 9 /PRNewswire/ -- HealthpointCapital Partners, L.P. ("HealthpointCapital") and Alphatec Manufacturing Inc., ("Alphatec") announce the appointment of Scott Palka as Chief Financial Officer and Vice President and the appointment of Vicky Romanoski as Chief Administrative Officer and Vice President. Both Mr. Palka and Ms. Romanoski are proven executives and specialists in their fields of expertise. Mr. Palka comes to Alphatec with over 20 years of financial background with companies such as; Erickson Air-Crane Inc., Ernst & Young, Price Waterhouse, and Citicorp. Ms. Romanoski comes to Alphatec with over 15 years in the healthcare sector with Benchmark Medical Inc., Hanger Prosthetics and Orthotics, and NovaCare Orthotics and Prosthetics and Outpatient Rehabilitation.
John H. Foster, Chairman and Chief Executive Officer, successful healthcare investor and executive, selected both these individuals because of their accomplishments in aggressive small to mid size growth organizations. Scott is recognized for his domestic and international work in Treasury Management, Financial Accounting, Cost Accounting, and Financial Reporting Processes. Vicky is recognized for her acquisition involvement of over 150 healthcare companies in terms of due diligence, integration, logistics, organization development, restructure, strategic planning and human resources. Mr. Foster said, "I'm delighted to be working with both these executives... they create value and enhance our winning team."
"The spine segment of orthopedics is large and fast growing," says founder of HealthpointCapital, John Foster. "The winners in this space will be those companies which can bring the right management and structure to match revenue growth. Only the rare executive will fit in this type of growth environment and both Scott and Vicky possess what it takes, in terms of experience and proven success that perfectly qualifies them for Alphatec's strategy."
Alphatec Manufacturing, Inc.
Alphatec was founded in 1990. It 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, Vicky Romanoski of Alphatec Manufacturing, 760-431-9286, vromanoski@alphatecmfg.com
John McCormick of HealthpointCapital, 212-935-7780,
jmccormick@healthpointcapital.com
Web sites: http://www.alphatecmfg.com and
http://www.healthpointcapital.com
