HippoFi accesses Precision Spine's major sales channels to speed its sales strategy & quickly drive revenue
IRVINE, CA / ACCESSWIRE / October 5, 2022 / HippoFi, Inc. - formerly ORHub® (OTC PINK:ORHB) announced today it has signed a strategic agreement with Precision Spine, Inc.® (www.PrecisionSpineInc.com). "This agreement will help to accelerate growth and drive revenue by selling the entire PUR Biologics product line and future HippoFi innovations. With Precision's strong presence in the Spine market, we expect a substantial increase in our revenues and brand recognition," stated CJ Wiggins - Executive Chairman & CEO of HippoFi (www.HippoFi.com).
HippoFi's regenerative therapeutics division, PUR Biologics® (www.PURbiologics.com), is focused on advanced biological solutions for spine surgery and provides Precision Spine the ability to immediately sell a full line of biologic products alongside their broad spine implant portfolio. "This deal allows HippoFi to drive new sales through Precision's vast and growing network, which already includes revenue producing accounts with more than 280 hospitals and approximately 340 spine surgeons. I expect this partnership will bring the speed and product commercialization we are looking for with Precision's 180+ sales distributors," shared Ryan Fernan - Head of PUR Biologics. "I am excited to work with Precision Spine's seasoned commercial team to bring our premium products and future technologies to patients and surgeons."
Precision Spine's Chief Operating Officer, Christopher DeNicola, expressed, "This strategic partnership is a significant achievement, representing an opportunity to strengthen and expand the presence of both companies in the growing global spine market." "I believe that with North America driving growth, that the entire orthopedic market will reach $75B over the next eight years; biologics contributing about 20% ($15B) and Spine alone, exceeding $16B (75% medical device + 25% biologics)," concluded CJ Wiggins.
