With hiring of Rod Mayer in February as president and CEO, and with an additional $10 million of private placement equity obtained in July, Nextremity Solutions is in the process of moving its corporate offices to the Orthopedic Capital of the World.
The move to Warsaw, according to CFO Frank Patton, was not only because it has the right address for the orthopedic industry, but because it also has the orthopedic talent pool needed to grow the company. Kosciusko Economic Development Corp. is helping the company make the right connections in the community to assist it in its success and growth in Kosciusko County.
“We are excited to have another orthopedic company establish its headquarters in this county and the city of Warsaw” said George Robertson, KEDCo president.
The corporate staff will number 15 people at the onset and will be the center of management, marketing, financial and sales functions for the company. Rod Mayer is no stranger to Warsaw, having served in a number of orthopedic companies here, most recently as the CEO of DePalma Orthopedics.
Nextremity Solutions was started in 2008 by Lon Weiner, M.D. and Stuart Katchis, M.D. in Red Bank, N.J. The mission of the company is to turn orthopedic surgeons’ innovation ideas into marketable products.
The company specializes in small joint problems such as its Nextra medical device to correct hammer toe. The company also has a line called Precision Ready Systems that includes precision screws and staples. Nextremity Solutions contracts out manufacturing and its research and development function will remain in New Jersey.