JACKSON, Miss., June 20, 2018 /PRNewswire/ -- Zavation Medical
Products ("Zavation" or "the Company"), a LongueVue Capital
Partners ("LVC") portfolio company that designs and manufacturers
high-quality spinal implants, instruments, and biologics, announced
today that Brian K. Hutchison has
joined its Board of Directors.
Zavation Chairman and LVC Managing Partner Rick Rees stated, "My
colleagues and I are excited to welcome Brian to the Zavation
family. His extensive relationships and leadership experience
building orthopedic and spine businesses, first at Stryker and then
as CEO of RTI Surgical, will be an invaluable resource to our team.
Ultimately, his relationships are a testament to his character,
which makes him a great addition to the Board of Directors. We look
forward to benefiting from his accomplished career within the
orthopedics and spine industry."
"Brian has been in our shoes before and will serve as a valuable
strategic resource as Zavation continues to grow," said
Jeffrey Johnson, Founder and CEO of
Zavation. "But, more importantly, Brian is a cultural fit who
shares our vision and understands that our priority is providing
excellent customer service and quality products."
Hutchison added, "I am delighted to join Zavation, a high growth
and innovative spine company with a full-bag of products. I've
admired Jeffrey and his team for many years, as they've managed
remarkable growth without sacrificing customer service. I look
forward to supplementing the team to further accelerate the
Company's growth trajectory."
Hutchison brings 30 years of healthcare industry experience with
him to Zavation. Most recently, Hutchison retired after serving 15
years as the Chief Executive Officer of RTI Surgical, Inc. (NASDAQ:
RTIX). At RTI Surgical, he grew annual revenue from $55 million to $300
million, positioning the company as a leader in advanced
biologic products. As CEO, Hutchison successfully merged RTI
Surgical with Tutogen Medical in 2013 and subsequently acquired
Pioneer Surgical Technologies. From 2014 to 2016, RTI Surgical was
recognized as one of the fastest-growing spine companies in the
world, with nearly 20% quarter-over-quarter growth.
Before RTI Surgical, Hutchison held various positions at Stryker
Corporation, including serving as President of its Medical Division
and Vice President of Worldwide Product Development and
Distribution.
Hutchison currently serves on the Board of Directors of the
University of Florida Research
Foundation. He received a BBA with a focus in Accounting from
Grand Valley State University in 1981
and attended Harvard Business School's
Program for Management Development in 1995.
ABOUT ZAVATION MEDICAL PRODUCTS
Based in Jackson, MS, Zavation
designs, engineers, and manufactures a portfolio of spinal hardware
covering key areas including thoracolumbar, cervical, interbody
fusion, minimally invasive surgery, and vertebral compression
fractures. Founded in 2010 with its first sale in 2012, the Company
has experienced exceptional growth and created a national network
of over 200 distributors across approximately 40 states. Zavation
has commercialized over 12 product families since inception, with
10 additional novel products expected to launch over the next year.
The Company operates a 24,000 square foot vertically integrated
manufacturing facility with 70 employees.
To learn more information about Zavation and its products, visit
www.zavation.com
ABOUT LONGUEVUE CAPITAL
LongueVue Capital is a private equity firm focused on making
situation-driven, value-oriented investments in lower middle market
companies (up to $150 million in
annual revenue) to support buy-outs, recapitalizations,
acquisitions, and growth. LVC currently has $425 million under management across two funds.
Since its formation in 2001, LVC has made successful investments in
a wide variety of industries, including healthcare, business
services, transportation and logistics, energy services, and niche
manufacturing. LVC is based in New
Orleans with additional offices in New York and Salt
Lake City. For more information, please visit
www.lvcpartners.com.
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SOURCE LongueVue Capital Partners