Augmented Reality Pioneer Augmedics Announces New Board Leadership

CHICAGO--(BUSINESS WIRE)-- Augmedics, a pioneer in augmented reality surgical image guidance, today announced the appointment of Rick Anderson as executive chairman of the board and Bradley Paddock as the board’s independent director. Anderson joined the board in March upon the closing of Augmedics’ over-subscribed $36 million Series C funding, followed by Paddock in May. Both will begin their new roles effective immediately.

“Rick and Brad have provided invaluable guidance from the start,” said Nissan Elimelech, CEO and founder of Augmedics. “We are delighted to have the leadership of these two renowned industry veterans as we continue to bring xvision to surgeons across the U.S. and revolutionize the way spine surgery is done.”

Anderson brings more than three decades of experience as an executive, investor, and board member for emerging growth and market-leading healthcare companies. He is the chairman of Revival Healthcare Capital, an Austin-based private equity firm that specializes in medical devices and diagnostics. Prior to founding Revival, Anderson held multiple senior executive leadership positions, including chairman of the board and CEO of ConvaTec Plc, a FTSE 250 Company; worldwide franchise chairman, Cordis Corporation; and company group chairman, Johnson & Johnson.

Paddock is a veteran medical device executive with over 25 years of experience. He currently serves as president & CEO of CeQur SA, a medical device company specializing in insulin delivery systems, and has served in executive leadership roles for multiple global health leaders including global president of spine at Stryker, vice president of global sales & marketing at Bausch + Lomb, and vice president of sales and Kyphon. Paddock brings extensive expertise in acquisitions, integrations, and synergistic cost saving methods.

“Augmented reality and surgical navigation are the future of surgery, and with Augmedics, that future is now,” said Anderson. “Bringing ‘x-ray vision’ to surgeons is no longer just a dream – it’s our reality. We’re excited to continue the mission with Nissan and the Augmedics team to bring xvision to surgeons and patients around the world.”

About Augmedics

Augmedics (Chicago, IL) is an augmented reality surgical image guidance pioneer that aims to improve healthcare by augmenting surgery with cutting edge technologies that solve unmet clinical needs and instill technological confidence in the surgical workflow. Its FDA-cleared revolutionary xvision Spine System, the first augmented reality guidance system for surgery, allows surgeons to “see” the patient’s anatomy through skin and tissue as if they have “x-ray vision,” and to accurately navigate instruments and implants during spine procedures. For more information, visit www.augmedics.com.

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