Uncategorized


PONTE VEDRA, Fla. – November 20, 2020 – Treace Medical Concepts, Inc., a privately-held medical device company focused on advancing the standard of care for hallux valgus (bunion) surgery, announced today that its Board of Directors has appointed John K. Bakewell and Lawrence W. Hamilton as members of the Board.

“John and Lawrence bring valuable expertise and perspective as we propel our novel approach to bunion deformity correction further into the market and position the Company for its next phase of growth,” said James T. Treace, Chairman of the Board. “We are very pleased to welcome them to our Board and look forward to working closely with them as we continue to grow Treace Medical.”

John K. Bakewell has served in senior executive roles for nearly three decades, building and executing business strategies for growth companies across the medical device, specialty pharma, diagnostics and healthcare provider sectors, while also serving on public- and private-company boards. Mr. Bakewell’s professional experience in the medical technology industry includes serving for nine years as Executive Vice President and Chief Financial Officer of Wright Medical Group, Inc., from its private equity-backed reorganization through the company’s initial public offering, as well as multiple years of industry-leading growth and creation of its industry-leading lower extremities franchise.

“I’m excited to be joining the Board of Treace Medical, with its disruptive Lapiplasty® system that treats the root cause of the bunion deformity,” said Mr. Bakewell. “The company has made important inroads with its surgeon and patient educational programs, addressing a large, unmet need due to significant limitations of current surgical treatments. I look forward to working with the Treace Medical team as it continues to scale up its commercial operations and supportive infrastructure.”

Lawrence W. Hamilton was most recently Senior Vice President, Human Resources-Worldwide and member of the Executive Committee at Tech Data Corporation in Clearwater, FL, a technology distributor with over 11,000 associates worldwide. Since 2008, he has served as a Senior Adjunct Faculty and Executive Coach with the Center for Creative Leadership affiliate Leadership Development Institute at Eckerd College, St. Petersburg, FL. He also manages a private executive coaching and HR consulting practice, Hamilton Consulting. Mr. Hamilton has served in a variety of human resource management and executive level positions, with several publicly-traded companies including the Bristol-Myers Squibb Company.

“I am impressed with Treace Medical’s focus in building an organization that is aligned with its goal to advance the standard of care in bunion surgery,” said Mr. Hamilton. “I look forward to contributing to initiatives for successful market conversion as the company strategically expands its footprint.”

The appointment of Mr. Bakewell and Mr. Hamilton increases the number of Treace Medical Board of Directors to 8 members.

https://www.businesswire.com/news/home/20201120005723/en/Treace-Medical-Appoints-Two-New-Members-to-its-Board-of-Directors

About Treace Medical Concepts
Based in Ponte Vedra, FL, Treace Medical Concepts, Inc. is a privately-held medical device company focused on advancing the standard of care for the surgical management of bunion deformities. The Company’s patented Lapiplasty® 3D Bunion Correction™ system is designed to reproducibly correct all three planes of the bunion deformity and address the root cause of the bunion, while allowing patients to get back to their active lives quickly. To learn more about Lapiplasty® 3D Bunion Correction™, or find a Lapiplasty® surgeon in your area, please visit: www.AlignMyToe.com or www.treace.com/patients.

Contacts:
Treace Medical Concepts

Mark L. Hair
Chief Financial Officer
mhair@treace.net
(904) 373-594

Investors
Lynn Lewis or Vivian Cervantes
Gilmartin Group
lynn@gilmartinir.com
vivian.cervantes@gilmartinir.com

This communication may contain forward-looking statements about the Company, within the general meaning of the term. Such forward-looking statements, by their nature, are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.

November 23, 2020

Treace Medical Appoints Two New Members to its Board of Directors

PONTE VEDRA, Fla. – November 20, 2020 – Treace Medical Concepts, Inc., a privately-held medical device company focused on advancing the standard of care for hallux valgus (bunion) surgery, announced today that its Board of Directors has appointed John K. Bakewell and Lawrence W. Hamilton as members of the Board. “John and Lawrence bring valuable expertise and perspective as we propel our novel approach to bunion deformity correction further into the market and position the Company for its next phase of growth,” said James T. Treace, Chairman of the Board. “We are very pleased to welcome them to our Board […]
October 29, 2020

Bunions are more common than you think, and they typically get worse over time

October 22, 2020 – In an interview with San Antonio Live, Dr. Marque Allen, a podiatrist in San Antonio, discussed how Lapiplasty® 3D Bunion Correction™ differs from traditional bunion treatment procedures. “Traditional bunion surgery fixes the part of the condition that looks the worst… but the toe is still crooked from the rest of the foot and the rate of recurrence is really high.” [1] Dr. Allen said that the Lapiplasty® Procedure is an effective way to treat bunions at their root cause and in a three-dimensional way. He noted that the procedure enables many of his patients to bear […]
August 13, 2020

Bunions: What are they and how are they treated?

August 13, 2020 – In an interview with KOGA-AM, a radio show broadcast throughout Southwest Nebraska and northeast Colorado (Denver-area), Bharat M. Desai, MD, discussed the Lapiplasty® 3D Bunion Correction™ Procedure, a surgically-advanced treatment for bunions. Dr. Desai, a Denver-based board-certified orthopedic surgeon, detailed how the surgery can fix the root cause of a bunion and help patients walk again, in just a matter of days in a walking boot. Osteotomy surgery was always the traditional “norm”, but never produced a complete correction since it doesn’t fix the root cause of the bunion. [1] Specializing in foot and ankle conditions, […]
August 4, 2020

Treace Medical Concepts, Inc. Secures $50 Million Debt Facility and Expands Revolving Line of Credit

PONTE VEDRA, FLA. – August 4, 2020  – Treace Medical Concepts, Inc. (“Treace”), a medical device company focused on advancing the standard of care for hallux valgus (bunion) surgery, announced that it closed on a $50 million non-dilutive term loan agreement with CR Group L.P. (“CRG”), a healthcare focused investment firm.  The Company also announced that it now has up to $10 million available under its revolving line of credit with Silicon Valley Bank (“SVB”). Under the term loan with CRG, Treace received $30 million at closing and will have access to an additional $20 million in two tranches upon achieving certain milestones. The Company used […]
July 24, 2020

Bartlett woman inspires others, doesn’t let COVID-19 stop her from realizing goals

July 24, 2020 – In an interview with News Channel 3, Wanda Martin, a 73-year old senior Olympian from Bartlett, Tennessee, shared that receiving Lapiplasty® 3D Bunion Correction™ has changed her life. “My bone was sticking way out to the side of my foot. I always had to get wide shoes… I had to do gel pads, cotton balls, all kinds of things around my bunion because it hurt so much.” Wanda had been suffering from foot pain associated with a bunion for years. She was able to push through the discomfort for some time so that she could participate […]
July 17, 2020

3D Surgery Seeing High Success Rate for Those Who Suffer from Bunions

July 17, 2020 – In an interview with Scripps TV, a syndicated broadcast service distributed to 50 television stations in 43 markets, Jennifer A. shared her story of how the Lapiplasty® 3D Bunion Correction™ Procedure got her back on her feet and running again – literally. The Denver-based fitness enthusiast had noticed a bunion developing in her early 30s. Flash forward 12 years and the pain associated with her bunion had reached the point that simply putting on running shoes or hiking boots meant misery. As Jennifer began researching her treatment options, she learned there are 200 different types of […]