Alphatec Holdings Business Summary

Alphatec Holdings, Inc. (ATEC) is a pure-play medical technology company specializing in the design and clinical implementation of integrated procedural solutions for spinal disorders. The company generates revenue through two primary segments: Surgical Revenue, which comprises approximately 90% of total sales through the provision of spinal hardware, biologics, and specialized instruments, and EOS Revenue, derived from its proprietary medical imaging systems. ATEC’s business model centers on its "Organic Innovation Machine," which integrates advanced informatics via the AlphaInformatiX platform—including SafeOp neural monitoring, EOS imaging, and the Valence robotic navigation system—to improve surgical predictability and patient outcomes. Positioned as the third-largest U.S. market shareholder in the spine sector as of early 2026, Alphatec competes directly with diversified giants such as Medtronic, Stryker, Globus Medical, and Johnson & Johnson by leveraging a high-velocity innovation cycle and a specialized sales force focused exclusively on complex spinal pathologies. Originally founded in 1990 by Shunshiro "Roy" Yoshimi, the modern iteration of Alphatec was transformed following a 2017 leadership overhaul led by Executive Chairman and CEO Patrick S. Miles, the former Vice Chairman of NuVasive. The current executive team features a high concentration of industry veterans, including Executive VP and CFO J. Todd Koning, Chief Operating Officer Scott Lish, and Chief Medical Officer Dr. Luiz Pimenta, many of whom possess deep pedigrees from NuVasive and Stryker. The company is backed by notable institutional investors and insiders, with HealthpointCapital remaining a significant stakeholder and board influence through Lead Independent Director Mortimer Berkowitz III. Other key board members include Quentin Blackford and Karen McGinnis, providing oversight for a leadership team that has successfully pivoted the firm from a contract manufacturer to a leading innovator in minimally invasive and robotic-assisted spine surgery.