Exactech & University of Florida Expand Partnership, Promote Health Education with Naming of “Exactech Arena” at the Step...
June 09 2016 - 4:59PM
Business Wire
Exactech (Nasdaq: EXAC), a developer and producer of bone and
joint restoration products and biologic materials for extremities,
knee, hip and spine, announced today an expansion of its
long-standing partnership with the University of Florida (UF)
through naming of Exactech Arena at the newly remodeled Stephen C.
O’Connell Center, a sports and entertainment complex on the
university’s campus.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160609006451/en/
A drawing depicts plans to recognize the
newly named Exactech Arena at the Stephen C. O'Connell Center, a
sports and entertainment complex at the University of Florida in
Gainesville, Fl. The remodeled facility is scheduled to re-open in
December 2016. (Photo: Business Wire)
The sponsorship gives Exactech presence at the venue, use of UF
facilities and television coverage and commercial spots on Fox
Sports Sun and Fox Sports Florida during arena events. Exactech
plans to channel the visibility toward health-related
education.
“Exactech Arena adds yet another dimension to our deeply rooted
partnership with UF,” Exactech CEO David Petty said. “Exactech
employees are already passionate about helping people maintain
their activity and independence through our joint replacement
systems. This sponsorship gives us new channels to promote healthy
lifestyles, encourage mobility and expand our support of the
Arthritis Foundation. And what better place to symbolize this than
amidst the energy and passion of this arena?”
The naming reflects a long-standing relationship between two
Gainesville, Fla.-based organizations with shared goals of
education, innovation and health care. Through a 10-year agreement,
Exactech will pay a total of $5.9 million, with an option to extend
for an additional five years. The sponsorship was instrumental in
helping UF complete the ambitious $64.5 million renovation of the
facility that is scheduled to re-open in December 2016.
According to UF President Kent Fuchs, “We are so excited about
Exactech’s support of this transformation project. It will enhance
the experience of students, patrons and fans at a wide range of
campus and community events. This iconic building is so central to
campus life and activity. Now we’re partnering with a company that
is meaningful to both Gainesville and the UF community.”
Exactech was founded in 1985 by orthopaedic surgeon Bill Petty,
MD, his wife Betty, and biomedical engineer Gary Miller, PhD. While
faculty and research colleagues at the UF College of Medicine’s
Department of Orthopaedic Surgery, Petty and Miller collaborated
with several orthopaedic device companies and thought they saw some
things the industry could do differently, and better. They wanted
to focus their vision on creating products and services that would
make a difference in the quality of care provided to patients
suffering from joint diseases like arthritis.
With global headquarters in Gainesville, Fla., Exactech now has
more than 700 employees and develops and manufactures innovative
orthopaedic implants and surgical instrumentation for patients
undergoing shoulder, knee, hip and spine surgery. Its products are
distributed in more than 35 countries around the world.
Collaborations between Exactech and UF include:
- UF surgeons and faculty partner with
Exactech to develop the latest advancements in total joint
replacement surgery and to conduct clinical research.
- Orthopaedic surgeons from around the
world observe UF surgeons and gain hands-on experience with
Exactech products in UF’s surgical skills labs.
- Exactech sponsors seminars for UF
College of Medicine orthopaedic surgery residents and fellows.
- The Gary Miller, PhD, Biomechanics
Laboratory, Department of Mechanical and Aerospace
Engineering.
- The Bill Petty, MD, Endowment in
Orthopaedics and Rehabilitation, College of Medicine.
- Exactech internships, tours, course
support and class projects for UF students.
- Exactech offers tuition reimbursement
to help its employees earn degrees from UF.
- A substantial number of Exactech’s
Gainesville-based employees are also UF graduates.
To learn more about the partnership, visit
www.exac.com/ExactechArena.
About Exactech
Based in Gainesville, Fla., Exactech develops and markets
orthopaedic implant devices, related surgical instruments and
biologic materials and services to hospitals and physicians. The
company manufactures many of its orthopaedic devices at its
Gainesville facility. Exactech’s orthopaedic products are used in
the restoration of bones and joints that have deteriorated as a
result of injury or diseases such as arthritis. Exactech markets
its products in the United States, in addition to more than 30
markets in Europe, Latin America, Asia and the Pacific. Additional
information about Exactech can be found at http://www.exac.com.
Copies of Exactech’s press releases, SEC filings, current price
quotes and other valuable information for investors may be found at
http://www.exac.com and http://www.hawkassociates.com.
An investment profile on Exactech may be found at
http://www.hawkassociates.com/profile/exac.cfm. To receive future
releases in email alerts, sign up at
http://www.hawkassociates.com/about/alert.
This release contains various forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, which represent
the company’s expectations or beliefs concerning future events of
the company’s financial performance. These forward-looking
statements are further qualified by important factors that could
cause actual results to differ materially from those in the
forward-looking statements. These factors include the effect of
competitive pricing, the company’s dependence on the ability of
third party manufacturers to produce components on a basis which is
cost-effective to the company, market acceptance of the company’s
products and the effects of government regulation. Results actually
achieved may differ materially from expected results included in
these statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160609006451/en/
ExactechInvestor contactsJody Phillips, 352-377-1140Executive
Vice President of Finance & Chief Financial OfficerorHawk
AssociatesJulie Marshall or Frank Hawkins,
305-451-1888EXAC@hawkassociates.comorMedia contactPriscilla
Bennett, 352-377-1140Vice President, Corporate & Marketing
Communication
Exactech, Inc. (delisted) (NASDAQ:EXAC)
Historical Stock Chart
From Apr 2024 to May 2024
Exactech, Inc. (delisted) (NASDAQ:EXAC)
Historical Stock Chart
From May 2023 to May 2024