Healthcare Industry News: Healthpoint
News Release - March 17, 2006
Nexa Orthopedics Appoints Chris Harber VP-U.S. Sales and Marketing and Jamal Rushdy VP-Operations and Business DevelopmentOrthopedic Industry Veterans Join Growing Extremities Implant and Device Manufacturer
SAN DIEGO, March 17 (HSMN NewsFeed) -- Nexa Orthopedics, Inc., ("Nexa") today announced the appointment of James C. Harber as Vice President, U.S. Sales and Marketing, and Jamal D. Rushdy as Vice President, Operations and Business Development. The additions to the management team further deepen the company's experience in extremities orthopedics, and position it for rapid expansion this year.
Nexa President and CEO Paul Nichols remarked, "Nexa's growth plan for 2006 calls for an expanded sales and marketing infrastructure to support our business development activity. Chris Harber's experience in early stage companies and broad industry relationship base will accelerate our ability to grow the top line. I've known Jamal Rushdy since 1994. His broad background in finance, mergers and acquisitions, operations management and product development are an invaluable asset in our high-growth environment."
Mr. Harber has 16 years of sales and marketing experience in extremities orthopedics, including both sales management and marketing positions at Wright Medical, Smith & Nephew and a development stage computer assisted surgery venture. He most recently held the position of Vice President, Marketing at Hand Innovations where he was instrumental in driving the company's meteoric revenue growth. Mr. Harber brings to Nexa a clear understanding of orthopedic sales and marketing strategies, a successful track record in entrepreneurial environments and a deep familiarity with the extremities orthopedics market segment.
Mr. Rushdy has over 11 years experience in the orthopedic medical device industry. Prior to joining Nexa he served as Director of Business Development and Marketing for dj Orthopedics, LLC, where he also served in various leadership roles in finance and operations. Mr. Rushdy co-founded two medical device companies including Futura Biomedical, where he served as General Manager. Mr. Rushdy brings practical operations management experience in entrepreneurial environments as well as a successful track record of building shareholder value through business development activities. Mr. Rushdy received an M.B.A. from the University of California, Irvine and a bachelor's degree in mechanical engineering from the University of California, San Diego.
About Nexa Orthopedics, Inc.
Nexa Orthopedics, Inc. was founded in 2004 by HealthpointCapital to create the pre-eminent company in extremities surgery through a program of business investments, technology in-licensing and internal development. Paul Nichols, Nexa President and CEO, has 15 years experience in extremities orthopedics as both an executive and entrepreneur, including founding both Avanta Orthopaedics Corporation and Futura Biomedical, LLC.
Founded in 2002 and headquartered in New York City, HealthpointCapital is a private equity fund focused exclusively on the $20 billion worldwide orthopedic device industry. The Fund is the premier source for orthopedic companies that require growth capital as well as strategic advice and guidance. HealthpointCapital's execution team has over 50 years of combined experience investing and growing companies and is headed by John Foster who has managed seven previous funds. HealthpointCapital invests in only the most exceptional companies in the orthopedic industry. These are firms that exhibit proven technologies, outstanding management teams and strong growth potential.
Source: Nexa Orthopedics
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