New Jersey Ortho Company Nextremity Moving Corporate Headquarters To Warsaw
July 28, 2016 at 4:25 p.m.
By Staff Report-
The company hired Rod Mayer in February as president and CEO and obtained an additional $10 million of private placement equity in July, according to a release from the Kosciusko Economic Development Corp.
The corporate staff will consist of 15 people at the onset and the new location will be the center of management, marketing, financial and sales functions for the company.
Mayer is no stranger to the Warsaw area, having served in a number of orthopedic companies, most recently as CEO of DePalma Orthopedics of Columbia City.
The move to Warsaw, according to CFO Frank Patton, was not only because it has the right address for the orthopedic industry but also because it has the orthopedic talent pool needed to grow the company.
KEDCo 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.
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, according to the release.
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. The company contracts out manufacturing and its R&D function will remain in New Jersey.
[[In-content Ad]]
The company hired Rod Mayer in February as president and CEO and obtained an additional $10 million of private placement equity in July, according to a release from the Kosciusko Economic Development Corp.
The corporate staff will consist of 15 people at the onset and the new location will be the center of management, marketing, financial and sales functions for the company.
Mayer is no stranger to the Warsaw area, having served in a number of orthopedic companies, most recently as CEO of DePalma Orthopedics of Columbia City.
The move to Warsaw, according to CFO Frank Patton, was not only because it has the right address for the orthopedic industry but also because it has the orthopedic talent pool needed to grow the company.
KEDCo 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.
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, according to the release.
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. The company contracts out manufacturing and its R&D function will remain in New Jersey.
[[In-content Ad]]
Have a news tip? Email [email protected] or Call/Text 360-922-3092