Arthrocare
Company

date founded

Financing round

General

About Company
ArthroCare develops surgical devices and implants that enhance surgical techniques and patient outcomes.

Industry

Sector :

Subsector :

founded date

01.01.1995

Number of employees

Company Type

For Profit

IPO status

Private

Description

The company's internationally patented Coblation technology dissolves target tissue with precision, limiting damage to healthy tissue, and is used in many of its devices. ArthroCare also utilizes other patented technology, including its OPUS line of fixation products and re-usable surgical instruments, to offer a comprehensive line of surgical devices across several specialties. Its core product areas include Sports Medicine and Ear, Nose, and Throat, with other areas such as spine, wound care, urology, and gynecology. The company was acquired by Smith & Nephew in 2014.
Contacts

Contact Email

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M&A Details
1

Acquired by

Smith & Nephew

announced date

03.02.2014

price

$1.7B

Financials

Co-Investors
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
ENTrigue Surgical acquired by Arthrocare

ENTrigue Surgical acquired by Arthrocare

acquirer

Arthrocare
Arthrocare

date

02.07.2013

type

Acquisition

price

$45M
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People

Founders
2
Philip E. Eggers
Philip E. Eggers

Philip E. Eggers

Philip E. Eggers is the President and Founder at Eggers & Associates. He attended The Ohio State University Fisher College of Business.

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Hira Thapliyal
Hira Thapliyal

Hira Thapliyal

Hira Thapliyal is the founder, president & CEO of AneuMed, Inc.AneuMed is an early stage company engaged in developing devices for the treatment of various ailments affecting the human cardiovascular system. Prior to that, Dr. Thapliyal was the co-founder, president & CEO of VytronUS, Inc., a development stage company working on products for treatment of cardiac arrhythmias. Currently, VytronUS is conducting human clinical trials for its products. Before that, Hira was the co-founder, president & CEO of Tescient, Inc. Tescient was focused in developing products aimed at tissue regeneration and wound healing in human body. Tescient prototype products did not perform well in early animal tests, so Dr. Thapliyal closed Tescient and returned 60% of the invested capital back to the investors. Prior to Tescient, Dr. Thapliyal co-founded ArthroCare Corp (NASDAQ: “ARTC”) in 1993, and served its president & CEO and took the company public in 1996. ArthroCare was recently acquired by Smith & Nephew for $1.7 billion. ArthroCare markets products in the field of arthroscopy, ENT, spine, skin, and wound healing. Before ArthroCare, Hira served as the president of MicroBionics, a company developing products for continuous measurements of blood parameters in critically ill patients. Before MicroBionics, Hira co-founded and served as the president of CardioVascular Imaging Systems (NASDAQ: “CVIS”) which developed and marketed an ultrasound based imaging system, Intravascular Ultrasound (‘IVUS’), for the human blood vessels. CVIS went public and was later acquired by Boston Scientific (“BSX”). Prior to that, Hira served as the Vice President of Devices for Vascular Interventions (DVI) which developed and marketed products for removal of plaque form inside on the diseased arteries. DVI was acquired by Eli Lilly in 1989. Prior to DVI, Dr. Thapliyal held engineering and management positions at Oximetrix, Inc., Amdahl, and Corning. Dr. Thapliyal holds a BSEE degree from Washington State University, a MSEE from University of Idaho, and a PhD degree in Materials Science & Engineering from Cornell University. Hira has received numerous awards, and currently serves as an advisor to the Stanford-India Biodesign Program at Stanford University. Dr. Thapliyal also served as a judge for the Entrepreneur of the Year award at Earnst & Young. Dr. Thapliyal currently holds over 193 issued US and International patents for various medical devices.

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Employee Profiles
177

Sue Petrella

Vice president marketing

Micheal Robinson

Administrative assistant and office services

Mariela Quesada

Asistente de recursos humanos

Jim Pacek

Senior vice president global markets , sales operations

Karen Noffsinger

Senior cost accountant at arthrocare corporation

Scott Mcintyre

Director, process engineering

Tye Stout

Telecommunications and i.t administrator at smith and nephew

Tony Oswald

Senior server, vmware, san backup administrator

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