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SOURCE ACell, Inc.
Adds Significant Financial and Healthcare Expertise; Expands Board from Four Members to Seven
COLUMBIA, Md., Dec. 9, 2013 /PRNewswire/ -- ACell, Inc., a leading regenerative medicine company focused on the development, manufacturing and commercialization of tissue repair products, today announced that it has nearly doubled the size of its Board of Directors with the appointment of three members. The additions of Jon T. Tremmel, Steven P. Mullins and James D'Orta, M.D. increase the number of directors from four to seven.
Jon T. Tremmel is a board director of Medtronic and former president of several Divisions at Medtronic, including Neurological, Physio-Control, Tachyarrhythmia Management and Interventional Vascular. He currently serves on the board of the medical device company Cyberonics, Inc.
Steven P. Mullins is currently the Chief Financial Officer (CFO) of KZ0 Innovations, Inc., President of SPM Consulting, and performs financial consulting services to a number of other companies on a part-time basis. He was formerly the CFO of InteliData Technologies Corporation.
James D'Orta, M.D. is a physician and entrepreneur who currently serves as the Chairman and Chief Executive Officer (CEO) of Consumer Health Services, Inc. He was formerly an investor, medical advisor and member of the board of directors to Minute Clinic, which was acquired by CVS, Inc., and founder and CEO of LifeLink MD, which was acquired by Medtronic, Inc.
John J. McDonnell, Jr., Chairman of the Board of Directors, said, "We are pleased to add such significant financial and operational leadership as well as deep healthcare expertise to our Board. Jon, Steven and James each bring with them unique qualifications managing leading healthcare organizations that we believe that will help guide ACell toward continued growth and leadership in the regenerative medicine arena. We welcome our newest directors and look forward to their contributions to the strategic direction of the Company."
Jim DeFrancesco, Chief Executive Officer and Director, said, "ACell has a significant opportunity to further expand our business across the complex wound management and soft surgical tissue repair markets. Jon, Steven and James add a wealth of experience that will allow us to further hone our strategy to accomplish that growth. I look forward to working with them over the next several years to bring our innovative solutions to a wider numbers of patients and physicians."
With their addition to the board, Dr. D'Orta and Mullins become members of the Audit Committee and Nominating and Corporate Governance Committee, with Mullins chairing the Audit Committee and D'Orta chairing the Nominating and Corporate Governance Committee. Tremmel joins the Audit Committee and Compensation Committee, which is chaired by Magnus Moliteus.
ACell, Inc. offers the next generation of regenerative medicine through the development and commercialization of unique extracellular matrix products to repair and remodel damaged tissues in a broad range of applications. Its patented MatriStem ECM medical devices maintain and support a healing environment through constructive remodeling and are available in particle and sheet forms for the treatment of acute wounds and various surgical procedures. For more information, visit www.acell.com.
About Jon T. Tremmel
Mr. Tremmel has served as a director of Medtronic, Inc. since 2009. Previously, Mr. Tremmel served in a variety of senior management positions at Medtronic, Inc., including President of the Neurological Division from 2003 to 2007, President of the Physio-Control Division from 2001 to 2003, and President of the Tachyarrhythmia Management Division and President of the Interventional Vascular Division from 1992 to 2001. Mr. Tremmel currently serves on the board of Cyberonics, Inc., a publicly-held company that designs, develops and markets implantable medical devices for the treatment of epilepsy and other debilitating neurological disorders, and a number of corporate and civic organizations.
About Steven P. Mullins
Mr. Mullins has been the Chief Financial Officer of KZ0 Innovations, Inc., a provider of secure, social collaboration video software, since 2008. Mr. Mullins also serves as the President of SPM Consulting, a consulting firm for data-mining and database management marketing. From 1997 to 2002, Mr. Mullins worked at InteliData Technologies Corporation, a NASDAQ-traded company, where he served as Chief Financial Officer. Mr. Mullins is currently a member of the Board of Visitors of George Mason University, where he serves as Chairman of the Audit Committee, and previously, as Vice-Chairman of the Finance and Land Use Committee.
About James D'Orta, M.D.
Dr. D'Orta is a physician and entrepreneur and currently serves as the Chairman and Chief Executive Officer of Consumer Health Services, Inc. From 2003 to 2006 he was an investor, medical advisor and member of the board of directors to Minute Clinic, which was acquired by CVS, Inc. Prior to that, Dr. D'Orta was the founder and Chief Executive Officer of LifeLink MD, a national physician service and medical device oversight provider acquired by Medtronic Inc., beginning in 1999. Dr. D'Orta has served as a director for CareFirst, Inc. since 2007 and as a director for the Maryland Emergency Medicine Network at the University of Maryland Faculty Practice since 2003. He currently holds faculty positions in emergency medicine and surgery at Georgetown University, George Washington University, and the University of Maryland School of Medicine.
About ACell, Inc.
ACell, Inc. is a leading regenerative medicine company focused on the development, manufacturing and commercialization of tissue repair products. Its medical devices are cleared for a variety of indications and are marketed under the brand name "MatriStem." A privately held company, ACell produces MatriStem at its full scale manufacturing facilities in Columbia, MD and Lafayette, IN, and markets its products to physicians in the U.S. through a national direct sales force. For more information, call (800) 826-2926 or visit www.acell.com.
MatriStem Products are porcine-derived extracellular matrix (ECM), essential structures that maintain and support a healing environment through constructive tissue remodeling. MatriStem contains the basement membrane of porcine urinary bladder tissue, or urinary bladder matrix (UBM). UBM is a layer of tissue that is a critical component of constructive tissue remodeling. It provides MatriStem with several distinguishable characteristics, including the ability to facilitate the body's own regenerative capabilities and help restore normal site-appropriate tissue while avoiding scar tissue formation; the ability to be used "off-the-shelf" and stored at room temperature; and superior ease-of-use. MatriStem products are indicated for use in a wide range of regenerative and tissue repair applications and come in a range of sizes and thicknesses. It is the only ECM of its kind available in powder form. It has been cleared for use in general surgery, gynecological surgery and a wide range of wounds, including diabetic foot ulcers, venous leg ulcers, pressure, surgical, and tunneled wounds. Refer to the Instructions For Use supplied with each device for indications, contraindications, and precautions. All MatriStem devices are made in the USA.
Director of Marketing
Kirsten Thomas (media)
The Ruth Group
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