From The Operating Room, This Physician Entrepreneur Manufactured His Way To A $105 Million Exit (Forbes)
After training for more than ten years to be an orthopedic surgeon at institutions such as Stanford University and Mount Sinai in New York, Justin Saliman, MD, traded in his scalpel and scrubs for a life of instability and unpredictability by founding Ceterix Orthopedics.
“I can have more of an impact on humanity by solving a need in the medtech space than I ever could treating individual patients. If I didn’t do your knee surgery, then someone else would, but if I didn’t build Ceterix, I didn’t believe anyone else would,” says Saliman.
Menlo Park-based Ceterix Orthopedics did $6 million in revenue last year from its suturing techniques. Last December, Smith & Nephew (NYSE: SNN), a publicly traded medical device manufacturing and wound care company with $4.9 billion in revenue, agreed to acquire the company for $105 million in a win for Saliman. The acquisition of Ceterix by Smith & Nephew was completed in January 2019.
As the grandson of one of the lead engineers for the Hoover Dam, Saliman was the type of child who took household items apart to understand the intricac...
