KNOXVILLE, Tenn., January 18, 2024–(BUSINESS WIRE)–ChoiceSpine LLC, a medical device company in Knoxville, Tennessee, and privately held by Altus Capital Partners, announces that Marty Altshuler and Rick Henson, founders and Co-Presidents of ChoiceSpine, transitioned to Executive Advisor roles following 18 years of leading the company. Conjointly, effective January 01, 2024, the Board of Directors for ChoiceSpine, LLC selected Stephen Ainsworth, Executive Vice President of Strategy and Technology, and Andy Broyles, Chief Financial Officer, to succeed Mr. Altshuler and Mr. Henson as Co-Presidents of ChoiceSpine. Mr. Altshuler and Mr. Henson will remain with ChoiceSpine, serving on the Board of Directors and as advisors to the Executive Team. This strategic move is poised to enhance the company’s innovative edge and continued growth in the spine market.
“It has been great to work with and recruit such a talented and passionate group of employees throughout ChoiceSpine, who continue to advance the field of spinal fusion surgical instrumentation technology so significantly since the company’s inception,” said Mr. Altshuler.
“Since 2006, we have continued to strengthen our position as the innovation leader in the spine industry while expanding our product and technology platforms through important product launches,” Henson said.
Mr. Ainsworth, Co-President, joined ChoiceSpine as Vice President of R&D in 2015 and then served as Executive Vice President of Strategy and Technology, responsible for R&D, Clinical, Regulatory, Operations, and International Business. Having over 25 years of experience in medical device design, strategy, and commercialization, Steve is a seasoned executive who continues to drive innovation. He received a BS in Mechanical Engineering from Rensselaer and an MS and PhD in Bioengineering from Clemson University.
Mr. Broyles, Co-President, previously served as the company’s Chief Financial Officer from 2019 through 2023. Before joining ChoiceSpine, Andy gained 22 years of experience in finance, operational, and strategic roles across a diverse set of industries and companies, including healthcare accounting and consultancy firm – PYA, Ruby Tuesday, Scripps Networks, and most recently as Senior Vice President of Global Business Services for Discovery Inc. Andy holds an MBA and a BS in Accountancy degree from East Tennessee State University.
“ChoiceSpine is in an excellent position thanks to Rick and Marty’s hard work and dedication. We just had our best year in company history. Andy and I look forward to working with the incredible ChoiceSpine team as we continue to grow and expand our business,” explains Stephen Ainsworth, Ph.D.
Andy Broyles commented, “It is a true privilege to partner with Steve and build on the legacy that Marty and Rick established since the founding of ChoiceSpine of providing innovative technology solutions and superior service to our distributor and surgeon partners so that they can, in turn, provide optimal patient care in their communities.”
ChoiceSpine offers a variety of surgeon-focused product lines designed to be safe, efficient, and easy to use. The company’s newest differentiating technologies include a family of titanium spinal implants using 3D printing or additive manufacturing process featuring ChoiceSpine’s proprietary porous BioBond® structures, multiple cervical fusion options including a pre-assembled deployable anchor system, lumbar devices including a stand-alone, screw-based anterior lumbar interbody fusion (ALIF), sacroiliac (SI) joint fixation system, and a corpectomy device which is one of only a few available vertebral body replacement (VBR) devices that are FDA 510(k) cleared for on-label use in the cervical spine.
For more information, please visit www.choicespine.com.
Altus Capital Partners is a private equity firm that controls investments in middle-market manufacturing businesses. An exclusive focus on manufacturing gives Altus Capital Partners a unique understanding of the opportunities and challenges companies face in the sector, as the firm utilizes a patient, thoughtful investment approach and seeks to partner with operating companies’ management teams to achieve growth.
For more information, please visit www.altuscapitalpartners.com.
Contacts
Ron Moore, Senior Director of Marketing
865-246-3333
rmoore@choicespine.com
