About Wright Medical
Wright Medical is a Healthcare company based in Memphis (United States) founded in 1993, and was acquired by Stryker in November 2019. Orthopedic medical devices for upper and lower extremities are developed. The company has 1,838 employees. Wright Medical has completed 7 acquisitions, including BioMimetic Therapeutics, Biotech International and Cartiva. Its chief executive, as recorded, is Bob Palmisano. Its website wright.com draws about 13 thousand monthly visits. Its focus areas include Life Sciences, Orthopedics, Medical Devices and Therapies. Its competitors include Biomet, Treace Medical Concepts and IlluminOss Medical; 2 of its 3 listed competitors have raised funding.
Company details
Wright Medical was founded in 1993 and is headquartered in Memphis, United States. Orthopedic devices are produced by the company, focusing on surgical solutions for upper extremities such as shoulder, elbow, wrist, and hand, as well as lower extremities including foot and ankle. Operations center on the medical device sector, with products designed for orthopedic applications across various anatomical areas.
- Headquarters Memphis, United States
- Employees 1,838
- Stage Acquired
- SectorsHealthcare
- Website wright.com
- Social LinkedIn X Facebook
- Acquired by Stryker (Nov 2019)
- Annual Revenue$920.9 M (USD)10as on Dec 31, 2019
- Net Profit-$114.23 M (USD)33as on Dec 31, 2019
- EBITDA$11.59 M (USD)249as on Dec 31, 2019
- Latest Funding Round$15.6M (USD), Post-IPO
Dec 2017
- InvestorsStryker
& 2 more
- Employee Count1,838
- Investments & AcquisitionsBioMimetic Therapeutics
& 6 more
- Acquired byStryker
(Nov 2019)
Funding Insights of Wright Medical
- Total Rounds 5
- Last Round Post-IPO — $15.6M
- First Round $2.4M
(Sep 2010)
- Investors Count 2
All 5 funding rounds of Wright Medical with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $15.6M | Post-IPO | – | – | – |
| May 2016 | $395M | Post-IPO | – | – | – |
| Feb 2015 | $633M | Post-IPO | – | – | – |
| Oct 2010 | $2.4M | Grant | – | – | |
| Sep 2010 | $2.4M | Grant | – | – |
3 investors in total: 3 institutional.
Investors in Wright Medical
Wright Medical has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Stryker, U.S. Department of Defense and Military Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Military forces are provided by the U.S. Department of Defense for national security. | defense.gov | Washington, D.C., United States | ||
Administers health care and support for military personnel and operations. | health.mil | Falls Church, United States | ||
3D-printed orthopedic products are manufactured for medical applications. | 1941 | stryker.com | Kalamazoo, United States |
Investor details for Wright Medical
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People of Wright Medical
907 people are tracked at Wright Medical (342 in leadership, 11 in board & advisors, 554 in team); the tracked headcount is 1,838.
| Name | Role | Group |
|---|---|---|
Bob Palmisano | CEO | Leadership |
Robert Palmisano | CEO & President | Leadership |
Glenn S. Boehnlein | VP & CFO | Leadership |
Stacie Ferschweiler | Vice President Human Resources | Leadership |
Satoshi Ogawa | Senior Director, IT Business Partner, Japan | Leadership |
Viju Menon | Group President, Global Quality and Operations | Leadership |
Kelly Shepard | Vice President, Global HR Operations | Leadership |
Satoshi Mizusawa | President & Representative Director | Leadership |
Alan Douville | VP, Chief Information Officer & Chief Information Security Officer | Leadership |
Rakesh Kumar | Director, Information Technology | Leadership |
Barry Welsh | Director Of Strategic Sales | Leadership |
Amyee Delaney | Director, Learning And Development Operations | Leadership |
Azzurra Taccia | Principal Talent Acquisition Business Partner | Leadership |
April Smith Phr | Senior Talent Acquisition Business Partner | Leadership |
Kim Montagnino | Chief Communications Officer | Leadership |
Rob Moore | Vice President Of Sales, Upper Extremities | Leadership |
Charlie Maher | Vice President, North America Sales, Joint Replacement | Leadership |
Suresh Munuma | Sr. Director - IT Data & Analytics | Leadership |
Spencer Stiles | Group President, Orthopaedics and Spine Group | Leadership |
Ric Stevens | Principal Talent Acquisition Business Partner | Leadership |
887 more people are available in the full profile.
Complete people profiles for Wright Medical
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Investments & Acquisitions by Wright Medical
Wright Medical has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include BioMimetic Therapeutics, Biotech International and Cartiva.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Synthetic cartilage implants are developed for osteoarthritis treatment. | cartiva.net | Alpharetta, United States | 2011 | Aug 2018 | $435M | |
Preoperative planning software for shoulder replacement surgery is developed. | imascap.com | Brest, France | 2009 | Dec 2017 | $88.8M | |
Devices for joint replacement and soft tissue repair are manufactured. | tornier-us.com | Amsterdam, Netherlands | 1992 | Oct 2014 | •••• | |
Develops extremity orthopedic products to restore motion | solanasurgical.com | Memphis, United States | 2008 | Jan 2014 | $90M | |
Foot and ankle orthopedic products are developed by OrthoPro. | orthoproinc.com | Cary, United States | 2002 | Jan 2014 | $32.5M | |
Dental and orthopedic surgery equipment is developed. | biotech-international.com | France | 1987 | Oct 2013 | $75M | |
Regenerative therapeutics for musculoskeletal injuries are developed and commercialized. | biomimetics.com | Franklin, United States | 2000 | Nov 2012 | •••• |
Complete acquisition details for Wright Medical
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Timeline of Wright Medical
12 dated milestones of Wright Medical across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Wright Medical is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $2.4M.
- Acquisition Acquires BioMimetic Therapeutics.
- Acquisition Acquires Biotech International.
- Acquisition Acquires Solana Surgical.
- Acquisition Acquires OrthoPro.
- Acquisition Acquires Tornier.
- Acquisition Acquires Imascap.
- Funding Latest funding round, Post-IPO, of $15.6M.
- Acquisition Acquires Cartiva.
- Exit Acquired by Stryker.
Competitors of Wright Medical
Wright Medical has 3 listed competitors in our database, 2 of them funded. They include Biomet, Treace Medical Concepts and IlluminOss Medical.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| biomet.com | 1977 | Warsaw, United States | 3,664 | Orthopedic surgical and non-surgical products are designed and distributed. | ||
| treace.com | 2013 | Ponte Vedra Beach, United States | $15M | 516 | Orthopedic foot and ankle correction systems are developed and offered. | |
| illuminoss.com | 2007 | East Providence, United States | $62.47M | 21 | Minimally invasive orthopedic systems for bone fracture stabilization are developed. |
Detailed competitors of Wright Medical
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Web traffic of Wright Medical
The website of Wright Medical (wright.com) receives about 13.4K visits a month.
- Monthly visits13.4K
▲ 272.4% vs previous month
Top companies in Orthopedics
3 companies that operate in the same segment as Wright Medical (Orthopedics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 |
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Frequently Asked Questions about Wright Medical
Wright Medical was founded in 1993 and raised its 1st funding round 17 years after it was founded.
Wright Medical is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
Bob Palmisano is the CEO of Wright Medical, as recorded in our data.
Wright Medical has 1,838 employees.
Annual revenue of Wright Medical is $920.9M as on Dec 31, 2019.
Wright Medical was founded in 1993 and is headquartered in Memphis, United States. Orthopedic devices are produced by the company, focusing on surgical solutions for upper extremities such as shoulder, elbow, wrist, and hand, as well as lower extremities including foot and ankle. Operations center on the medical device sector, with products designed for orthopedic applications across various anatomical areas.
Wright Medical's top competitors include Treace Medical Concepts, IlluminOss Medical and Biomet.
Wright Medical has made 7 acquisitions, including BioMimetic Therapeutics, Biotech International, and Cartiva.
Wright Medical has 3 investors. Key investors include Stryker, U.S. Department of Defense, and Military Health.
Yes. Wright Medical was acquired by Stryker in November 2019.