RTI Surgical

RTI Surgical is a medical technology company that was founded in 1992 as Pioneer Surgical Technology in Marquette, Michigan, United States.

RTI Surgical
TypePublic
NASDAQ: RTIX
Russell 2000 Component
IndustryMedical technology
Founded1998 as Regeneration Technologies, Inc.
HeadquartersAlachua, Florida, United States
ProductsMedical devices
Revenue $280 million
Websitewww.rtix.com

History

The company Pioneer Surgical Technology was founded by Matthew Songer, and its first major product was the Songer Cable, used in spine surgeries. The Songer Cable was featured in the book, Contemporary Management of Spinal Cord Injuries.[1]

Pioneer Surgical later developed products in the spine, biologics, orthopedics, and cardio-thoracic markets. Michigan Governor Jennifer Granholm visited Pioneer in 2005 and cited Pioneer as an example of job creation in the Upper Peninsula.[2] In 2007, Pioneer acquired Angstrom Medica, a Massachusetts-based medical company focused on nanotechnology[3] and Encelle, A North Carolina-based company researching and developing tissue regeneration products.[4]

Pioneer was acquired in July 2013 by RTI Biologics, and the firm was then renamed RTI Surgical.[5]

In 2020, Montagu Private Equity acquired RTI Surgical’s OEM business.[5]

References
  1. Benzel, Edward C. & Tator, Charles H. (2000). Contemporary Management of Spinal Cord Injuries: From Impact to Rehabilitation. Park Ridge, IL: American Association of Neurological Surgeons. p. 166. ISBN 978-1-879284-72-2. OCLC 247971013 – via Google Books.
  2. Boyd, Liz (December 16, 2005). "Granholm Tours Pioneer Surgical Technology, Calls Company Example of Job Creation Package's Potential" (Press release). Archived from the original on December 17, 2009.
  3. "Archived copy". Archived from the original on 2009-06-26. Retrieved 2007-11-13.CS1 maint: archived copy as title (link)
  4. "Pioneer Surgical Technology Acquires Nanotechnology Pioneer Angstrom Medica". Nanowerk. October 25, 2007. Retrieved June 18, 2018.
  5. "Company History". RTI Surgical.


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