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Synthes
Synthes Holding AG (formerly Synthes-Stratec) is a multinational medical device manufacturer based in Solothurn, Switzerland and West Chester, Pennsylvania, United States. It is the world's largest maker of implants to mend bone fractures, and also produces surgical power tools and advanced biomaterials. In June 2012 Synthes was sold by its chairman, former CEO and largest shareholder Hansjörg Wyss to Johnson & Johnson for $20.2 billion. The company is part of Johnson & Johnson MedTech business segment. History Synthes was originally established in 1960 as a trademark of the Swiss non-profit institute Arbeitsgemeinschaft für Osteosynthesefragen (, AO/ASIF), The Synthes trademark was applied to internal fixation implants produced under license by its industrial partners, Straumann Group and Mathys Medizinaltechnik. In 1975, the company Synthes (internal fixation implants) was spun off from AO/ASIF and Straumann who focused thereafter on tooth implants. In the same year, Syn ...
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Hansjörg Wyss
Johann Georg "Hansjörg" Wyss ( ; born 19 September 1935) is a Swiss billionaire businessman and donor to politically liberal and environmental causes in the United States. He is the founder and former president and chairman of Synthes, a medical device manufacturer. His Wyss Foundation has nearly $2 billion in assets. As of 2025, Wyss ''Forbes'' estimated his net worth at US$4.8 billion, while ''Bloomberg'' estimated his net worth at $12.7 billion. Having donated hundreds of millions of dollars to environmental causes, he has more recently increased his donations to groups promoting progressive causes. In 2024, Wyss additionally donated $100 million to the City of Berne which bequeathed honorary citizenship on him. In the United States, Wyss is a major donor of the Democratic Party. Wyss's political giving has come under scrutiny since foreign nationals without permanent residency in the United States are prohibited from donating directly to federal political candidates or ...
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AO Foundation
The AO Foundation is a nonprofit organization dedicated to improving the care of patients with musculoskeletal injuries or pathologies and their sequelae through research, development, and education of surgeons and operating room personnel. The AO Foundation is credited with revolutionizing operative fracture treatment and pioneering the development of bone implants and instruments. The foundation has its origins in a Swiss study group named ''Arbeitsgemeinschaft für Osteosynthesefragen'' (Association of the Study of Internal Fixation), commonly referred to as the AO, that was founded in Switzerland in 1958 as a society. The AO became a foundation in December 1984. History Background On March 1, 1950 Maurice Müller, one of the founding members of the AO, visited a 70-year old Belgian surgeon named Robert Danis in Brussels, who had been experimenting and treating fracture patients surgically for 25 years. At the time Dr. Müller was 32 years old, and had been practicing medic ...
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Johnson & Johnson
Johnson & Johnson (J&J) is an American multinational pharmaceutical, biotechnology, and medical technologies corporation headquartered in New Brunswick, New Jersey, and publicly traded on the New York Stock Exchange. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 42 on the 2024 ''Fortune'' 500 list of the largest United States corporations. In 2024, the company was ranked 45th in the ''Forbes'' Global 2000. Johnson & Johnson has a global workforce of approximately 138,000 employees who are led by the company's current chairman and chief executive officer, Joaquin Duato. Johnson & Johnson was founded in 1886 by three brothers, Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson, selling ready-to-use sterile surgical dressings. In 2023, the company split-off its consumer healthcare business segment into a new publicly traded company, Kenvue. The company is exclusively focused on developing and producing ph ...
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West Chester, Pennsylvania
West Chester is a borough (Pennsylvania), borough and the county seat of Chester County, Pennsylvania, United States. Located in the Delaware Valley, Philadelphia metropolitan area, the borough had a population of 18,671 at the 2020 census. West Chester is the mailing address for most of its neighboring townships. Much of the West Chester University of Pennsylvania North Campus and the Chester County government are located within the borough. The center of town is located at the intersection of Market and High Streets. History The area was originally known as Turk's Head, named after the inn of the same name located in what is now the center of the borough. West Chester has been the seat of government in Chester County since 1786 when the seat was moved from nearby Chester, Pennsylvania, Chester in what is now Delaware County, Pennsylvania, Delaware County. The borough was incorporated in 1799. In the heart of town is its courthouse, a classical revival building designed in t ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Straumann
Straumann Group is a Swiss company based in Basel (Switzerland) manufacturing dental implants and specialized in related technologies. The group researches, develops, manufactures and supplies dental implants, instruments, biomaterials, CADCAM prosthetics, digital equipment, software, and clear aligners for applications in replacement, restorative, orthodontic and preventative dentistry. The Straumann Group also offers services to the dental profession worldwide, including training and education, which is provided in collaboration with the International Team for Implantology (ITI) and the Instituto Latino Americano de Pesquisa e Ensino Odontológico (ILAPEO). Its products and services are available in more than 100 countries through a broad network of distribution subsidiaries and partners. Business areas Straumann is active in the business of replacement and restoration of teeth, and prevention of tooth loss. Collaborating with clinics, research institutes and universities ...
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Medical Device
A medical device is any device intended to be used for medical purposes. Significant potential for hazards are inherent when using a device for medical purposes and thus medical devices must be proved safe and effective with reasonable assurance before regulating governments allow marketing of the device in their country. As a general rule, as the associated risk of the device increases the amount of testing required to establish safety and efficacy also increases. Further, as associated risk increases the potential benefit to the patient must also increase. Discovery of what would be considered a medical device by modern standards dates as far back as in Baluchistan where Neolithic dentists used flint-tipped drills and bowstrings. Study of Archaeology, archeology and Roman medical literature also indicate that many types of medical devices were in widespread use during the time of ancient Rome. In the United States it was not until the Federal Food, Drug, and Cosmetic Act ( ...
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Gale Group
Gale is a global provider of research and digital learning resources. The company is based in Farmington Hills, Michigan, United States, west of Detroit. It has been a division of Cengage since 2007. The company, formerly known as Gale Research and the Gale Group, is active in research and educational publishing for public, academic, and school libraries, and for businesses. The company is known for its full-text magazine and newspaper databases, Gale OneFile (formerly known as Infotrac), and other online databases subscribed by libraries, as well as multi-volume reference works, especially in the areas of religion, history, and social science. Founded in Detroit, Michigan, in 1954 by Frederick Gale Ruffner Jr., the company was acquired by the International Thomson Organization (later the Thomson Corporation) in 1985 before its 2007 sale to Cengage. History In 1998, Gale Research merged with Information Access Company and Primary Source Media, two companies also owned by Tho ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ...
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Brand Loyalty
In marketing and consumer behaviour, brand loyalty describes a consumer's persistent positive feelings towards a familiar brand and their dedication to purchasing the brand's products and/or services repeatedly regardless of deficiencies, a competitor's actions, or changes in the market environment. It's also demonstrated with behaviors such as positive word-of-mouth advocacy. Corporate brand loyalty is where an individual buys products from the same manufacturer repeatedly and without wavering, rather than from other suppliers. In a business-to-business context, the term source loyalty is also used.Wind, Y.Industrial Source Loyalty ''Journal of Marketing Research'', Volume 7, No. 4 (November 1970), pp. 450-457, accessed on 22 January 2025 Loyalty implies dedication and should not be confused with habit, its less-than-emotional engagement and commitment. Businesses whose financial and ethical values (for example, ESG responsibilities) rest in large part on their brand lo ...
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Harvard University
Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyman John Harvard (clergyman), John Harvard, it is the oldest institution of higher learning in the United States. Its influence, wealth, and rankings have made it one of the most prestigious universities in the world. Harvard was founded and authorized by the Massachusetts General Court, the governing legislature of Colonial history of the United States, colonial-era Massachusetts Bay Colony. While never formally affiliated with any Religious denomination, denomination, Harvard trained Congregationalism in the United States, Congregational clergy until its curriculum and student body were gradually secularized in the 18th century. By the 19th century, Harvard emerged as the most prominent academic and cultural institution among the Boston B ...
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Mathys Medizinaltechnik
Mathys is a family surname that could refer to: Surname * Charlie Mathys, American professional football player * Marco Mathys, Swiss footballer * Lucien Mathys, Belgian racing cyclist * Maude Mathys, Swiss ski mountaineer * Melanie Mathys, Swiss female canoeist Other * Mathys Bank, Antarctic rock ridge * Mathys Zyn Loop, South African town See also * Mathies * Mathy * Matthijs Matthijs ɑˈtɛi̯s(also Mattijs, Mathijs and Matijs) is a Dutch form of the masculine given name " Matthew". It can also be a surname. Notable people with the name include: Given name ;Matthijs/Matthys * Matthijs Accama (1702–1783), Dutch pai ... * Matthys {{surname ...
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