March 16, 2017
CHICAGO–(BUSINESS WIRE)–Medacta International, the privately held, family-owned global leader in the design of innovative joint replacement and spine surgery products, today reaffirmed its partnership with the Orthopaedic Research and Education Foundation (OREF) to advance new frontiers of orthopedic discovery. Effective immediately, and building upon their work together over the past two years, Medacta has increased its support and will now match resident gifts two-to-one, up from its original commitment of one-to-one. Importantly, this program encourages residents to engage in charitable giving at an early state in their careers and prioritizes OREF as a beneficiary of their philanthropy.
Since the program started in 2015, the Medacta Challenge raised more than $150,000 for OREF. This includes contributions to OREF’s Research Fund from Francesco Siccardi, Executive Vice President of Medacta International, and Eric Dremel, President of Medacta USA, who each pledged $20,000 to kick off the partnership and demonstrate their commitment to the initiative. Mr. Siccardi and Mr. Dremel were recognized for their gifts as members of OREF’s Visionary Research Society.
“We believe the next big innovation is always just around the corner and are excited that our expanded partnership with OREF will make already generous resident contributions even more impactful,” said Siccardi. “This partnership drives Medacta and OREF’s shared goal of providing the best possible care to improve the lives of patients around the globe.”
All gifts made to OREF through the Medacta Challenge help OREF achieve its mission of funding new and seasoned investigators in the orthopedic field. This funding may be used to support research in orthopedic trauma, total joint arthroplasty, soft tissue repair and regeneration, among other important topics. With Medacta’s increased commitment, the impact of resident donations will be tripled to provide investigators with necessary resources to conduct these important studies.
“OREF relies on the generosity of organizations like Medacta to continue supporting research in orthopaedics,” said David Lewallen, MD, OREF Board President. “The grants we provide enable innovators to push the envelope and be bold, effectively creating change in the orthopaedic discipline – ultimately providing patients with safer, better options, and a higher quality of life. None of this would be possible without our committed partners such as Medacta.”
Richard Santore, MD, Trustee and Chair of OREF’s Individual Development Committee, added, “We are particularly excited that Medacta’s matching gift program will not only support our investigators, but will encourage other individuals and companies to consider establishing additional creative concepts for making gifts to OREF. Working together to promote new studies and drive creative solutions will benefit us all and, most importantly, the patients we serve together. Medacta is to be commended for their leadership and generosity for this multi-year commitment to OREF.”
Since Medacta’s founding in 1999, the company has maintained a long tradition of prioritizing research and training, the foundations of orthopedics. Through training initiatives, such as the company’s M.O.R.E. Institute, Medacta promotes surgeon education and provides the tools for physicians to refine their skills. The company has trained over 5,000 surgeons at its learning centers, while its biennial M.O.R.E. International Symposium consistently attracts hundreds of renowned surgeons from across the world.
Medacta® International is a world leading manufacturer of orthopedic implants, neurosurgical systems, and instrumentation. Medacta’s revolutionary approach and responsible innovation have resulted in standard of care breakthroughs in hip replacement with the AMIS® system and total knee replacement with MyKnee® patient matched technology. Over the last 10 years, Medacta has grown dramatically by taking a different approach and placing value on all aspects of the care experience from design to training to sustainability. Medacta is headquartered in Castel San Pietro, Switzerland, and operates in over 30 countries. To learn more about Medacta International, please visit www.medacta.com or follow @Medacta on Twitter.
About the Orthopaedic Research and Education Foundation
Founded in 1955, the Orthopaedic Research and Education Foundation is a charitable 501(c)(3) organization committed to improving lives by supporting excellence in orthopaedic research. OREF is dedicated to supporting new investigators and is the premiere orthopaedic organization funding research across all specialties. A list of research and funding priorities is available at oref.org/grants. To learn more about OREF, please visit www.oref.org or follow @OREFtoday on Twitter.