RTI Surgical

From Wikipedia, the free encyclopedia
RTI Surgical
TypePublic
Nasdaq: RTIX
Russell 2000 Component
IndustryMedical technology
Founded1998 as Regeneration Technologies, Inc.
HeadquartersAlachua, Florida, United States
ProductsMedical devices
RevenueIncrease $280 million
Websitewww.rtix.com

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

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]

In 2012, RTI was a defendant in a civil case involving the body snatching activities of Michael Mastromarino[5] and other organizations supplying RTI with human tissue and body parts.[6][7][8] The suit would have investigated how RTI ignored the questionable credentials of the organizations that supplied them body parts and tissue by forging consent documents and "cutting open the corpses and harvesting tissue, bone and organs and replacing those body parts with materials purchased at local hardware stores, such as PVC pipes and rubber gloves."[9] RTI's legal representation argued that the company is “allowed to accept tissue—without any civil liability whatsoever—as long as they do so without actual knowledge of a contrary intent of the donor" but that they are not, in turn, legally required to investigate consent.[9] The civil case was postponed in September 2012 in order to mediate settlements from RTI for the involved plaintiff families.[9]

Pioneer was acquired in July 2013 by RTI Biologics, and the firm was then renamed RTI Surgical.[10]

In 2020, Montagu Private Equity acquired RTI Surgical’s OEM business.[10]

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.{{cite web}}: 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. ^ Patterson, Randall. "How Michael Mastromarino Illegally Harvested and Sold Body Parts -- New York Magazine - Nymag". New York Magazine. Retrieved 28 January 2022.
  6. ^ "Body Brokers Leave Trail of Questions, Corruption - ICIJ". Retrieved 28 January 2022.
  7. ^ "Matter of Human Tissue Litig". Justia Law. Retrieved 28 January 2022.
  8. ^ Kirby, Tony (10 November 2012). "Profiteering threatens the altruism of tissue donation". The Lancet. pp. 1635–1636. doi:10.1016/S0140-6736(12)61934-5. Retrieved 28 January 2022.
  9. ^ a b c Hudson, Michael. "Civil Trial Postponed in U.S. Human Tissue Harvesting Scandal - ICIJ". ICIJ. Retrieved 28 January 2022.
  10. ^ a b "Company History". RTI Surgical.

External links[]


Stub icon

This article about a technological corporation or company is a stub. You can help Wikipedia by .

  • v
  • t
Retrieved from ""