Randy Theken Email & Phone Number

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.

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 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.

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.

Master'S, Engineering

Electrical Engineering, Electrical And Electronics Engineering

Biomedical Engineering, Biomedical/Medical Engineering