Randy Theken

Randy Theken Email and Phone Number

Founder - NextStep Arthropedix, Slice Mfg, e-Ceramics, VisionAir Solutions @ NextStep Arthropedix
Randy Theken's Location
Akron, Ohio, United States, United States
About Randy Theken

Randy Theken (pronounced “taken”) is the founder of four orthopedic medical device companies, (1992 - 2010) known as the Theken Family of Companies (Theken Orthopaedic, Theken Spine, Theken Disc, Therics).A master-degreed electrical, mechanical and biomedical engineer, Randy Theken and his team made a significant impact on the spinal implant industry during his tenure, (1992 - 2010)Mr. Theken was born and raised in Northeast Ohio, and became interested in spinal implants while conducting research for his Master Thesis at the University of Akron. After finishing graduate school in 1992, he founded Theken Orthopaedic which provided mechanical testing and FDA regulatory services. Six years later, he founded Theken Spine to focus on spinal implant and device development. In mid-2003, Theken Disc was founded to specifically focus on R&D development of next generation spinal arthroplasty devices. In July 2005, Mr. Theken purchased Therics Inc., from Tredegar Corporation, headquartered in Princeton, NJ. Therics designed, developed and manufactured a variety of synthetic bone substitute products using its 3D printing patents, being the originators of 3D printing.In 2009, Integra Life Science acquired Theken Spine, LLC Theken Disc, LLC and Therics, LLC A new division within Integra (Integra Spine) was created, and Mr. Theken was appointed President. He operated these three companies under the new division of Integra until the end of 2010. Mr. Theken then had a five year non-compete in medical. Mr. Theken is now focused on new medical device ventures. In 2014, Mr. Theken formed several new medical device companies known as the Theken Group (NextStep Arthropedix, e-Ceramics, Slice Mfg Studios, LaunchDen). See attached articles.

Randy Theken's Current Company Details
NextStep Arthropedix

Nextstep Arthropedix

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Founder - NextStep Arthropedix, Slice Mfg, e-Ceramics, VisionAir Solutions
Randy Theken Work Experience Details
  • Nextstep Arthropedix
    Founder
    Nextstep Arthropedix Jan 2014 - Present
    Akron, Ohio, Us
    NEXTSTEPS:Mr. Theken had a five-year non-compete which ended in 2014 after selling his spine implant companies to Integra LifeSciences in 2009. Randy and his team are now focused on new ventures of three newly formed entities known as the Theken Group, the "next step" in the teams careers:• NextStep Arthropedix: A medical device manufacturer focused on designing, developing, manufacturing, and distributing joint replacement implant products such as hips, knees, and shoulder implant systems. The team is implementing new technologies into the field of joint implant devices. We intend to make the claim one day that "NextStep is the largest medical device manufacturer producing implant devices, using 3D printing technology.” Visit our website: nextsteparthropedix.com• Ə Ceramics: A medical device manufacture focused on developing, manufacturing, and distributing advanced ceramics using a proprietary manufacturing process for ceramic implants, specifically ball components of the hip ball-and-socket joint.• LaunchPoint: Theken’s corporate innovations venture and incubator company. Ohio Third Frontier granted LaunchPoint a $3MM non-dilutive award to establish an early-stage fund. LaunchPoint focuses on growing orthopedic startups that desire funding, mentorship, and resources; such as corporate legal, accounting/finance, engineering, manufacturing, patents, with a desire for commercial success.
  • Slice Mfg Studios
    Founder
    Slice Mfg Studios Jan 2018 - Present
    Akron, Ohio, Us
    • Slice Mfg Studio: A contract manufacturer focused in Metal Additive Manufacturing (EBM, DLS, DLM) Advanced Machining (7-axis Mill-Turn w/robots, Swiss Screw Turning, Wire EDM), Dedicated Prototype Machining, Class 10,000 Sterile Clean Rooms, Class 1000 Sterile Packing, FDA Certified Mechanical Testing. Focused on both mass production and prototyping of medical and aerospace components. Visit our website: www.slicemfg.com
  • Theken Companies
    Founder
    Theken Companies Aug 1992 - Dec 2010
    Theken Family of Companies History:Randy Theken (pronounced “taken”) is the founder of four orthopedic medical device companies, known as the Theken Family of Companies.• Theken Orthopaedic, Inc. provided Mechanical Testing of orthopedic implants and FDA Regulatory services to medical device companies in need of FDA approval.• Theken Spine, LLC designed, developed, manufactured and distributed spinal fixation devices nationwide.• Theken Disc, LLC designed and developed spine motion preservation devices such as the worlds first microelectronic artificial replacement spinal disc.• Therics, LLC designed, developed and manufactured a variety of synthetic bone substitute products.THEKEN IS "TAKEN": INTEGRA TO BUY for $200 MillionOrthopedic Industry News: Lauren Uzdienski, July 24, 2008.Integra LifeSciences this morning announced plans to acquire the Theken family of businesses - Theken Spine, Theken Disc and Therics - for $75.0 million (2.2x 2007 revenues) plus up to $125.0 million in future performance-based payments (up to 5.9x 2007 revenues.) This acquisition represents a significant effort by Integra to strengthen its spine business; it currently offers a wide range of biologics, including the Mozaik products, but no metal devices. Integra was clearly willing to pay for this shift in strategy. Though Theken's product line was largely differentiated, with earnouts factored in the Integra deal represents a 5.9x multiple. For purposes of comparison, Synthes' recent acquisition of N Spine, which included a differentiated dynamic stabilization device, represented what we estimate to be about a 7.5x multiple. In 2006, Kyphon bought St. Francis, maker of the X-Stop, at a 14.5x multiple. That the Theken portfolio was able to command such a high multiple speaks to the health of the spine space and the high demand for companies with scale in this market.
  • Orthohelix
    Founding Partner
    Orthohelix Jan 1990 - Dec 1994
    Medina, Ohio, Us
    Mr. Theken was one of the three founding members of Orthohelix while in engineering graduate school, along with his two graduate advisors, Dr. Glen Njus and Dr. David Kay.In 1992 after graduation, Mr. Theken pursued other opportunities, specifically focused on his new Theken Orthopedic Company. In 1994, Mr. Theken was so busy with his new Theken Companies, that he was unable to contribute to OrthoHelix due to time constraints, and therefore relinquished his ownership.

Randy Theken Education Details

  • The University Of Akron
    The University Of Akron
    Engineering
  • The University Of Akron
    The University Of Akron
    Electrical And Electronics Engineering
  • The Ohio State University
    The Ohio State University
    Biomedical/Medical Engineering

Frequently Asked Questions about Randy Theken

What company does Randy Theken work for?

Randy Theken works for Nextstep Arthropedix

What is Randy Theken's role at the current company?

Randy Theken's current role is Founder - NextStep Arthropedix, Slice Mfg, e-Ceramics, VisionAir Solutions.

What schools did Randy Theken attend?

Randy Theken attended The University Of Akron, The University Of Akron, The Ohio State University.

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