July 28, 2016 12:39 AM ET

Healthcare Providers and Services

Company Overview of LifeNet Health, Inc.

Company Overview

LifeNet Health, Inc. is a tissue bank and an organ procurement organization that provides bio-implants and organs for transplantation. The company offers a line of allograft bio-implants that provide surgeons with the tools they need for cardiac, vascular, sports medicine, craniomaxillofacial, spine, and dental, as well as general orthopedics, join repair, oncology, and trauma procedures. It also provides cryopreserved allograft biological dressings and advanced decellularized dermis for reconstructive surgical applications. In addition, the company provides a program of bereavement support for donor families, and educates the public about donation. It serves the needs of hospitals and patie...

1864 Concert Drive

Virginia Beach, VA 23453-1903

United States

Founded in 1982





Key Executives for LifeNet Health, Inc.

Chief Executive Officer, President and Director
Age: 52
Chief Financial Officer and Corporate Secretary
Age: 68
President of Quality and Regulatory Compliance
Executive Vice President
Vice President of Recovery Partner Relations
Compensation as of Fiscal Year 2016.

LifeNet Health, Inc. Key Developments

LifeNet Health and Arthrex, Inc. Forge New Long-Term Agreement to Strengthen Collaboration Between Leaders in Allograft Innovations and Orthopedic Surgical Devices

LifeNet Health and Arthrex Inc. have signed a new long-term agreement that strengthens the partnership between the provider of allograft implants and a premier innovator of orthopedic surgical solutions. The multi-year commitment ensures that surgeons will have ready access to clinically effective grafts and advanced instrumentation for the benefit of their patients.

LifeNet Health to Add More Than 160 Jobs in 2015

LifeNet Health plans to enlarge its workforce in 2015, bringing its total hiring for 2015 to more than 160 people. The organization's growth is fueled largely by increased demand for LifeNet Health's innovative bio-implants, which are being made more widely available domestically and internationally, allowing more patients to be served. It also is a reflection of the region's growing presence in the biomedical industry. By the end of 2015, LifeNet Health will be recruiting to nearly 900 employees. Nearly all of the new positions for 2015 are in the organization's three Virginia Beach facilities to help ensure the need for donated tissue continues to be met.

LifeNet Health Appoints Novadaq Technologies as Exclusive Worldwide Distributor of its DermACELL Tissue Products for Wound and Breast Reconstruction Surgery

Novadaq Technologies Inc. and LifeNet Health announced the signing of a multi-year agreement pursuant to which, NOVADAQ was appointed exclusive worldwide distributor of LifeNet Health's DermACELL tissue products for wound and breast reconstruction surgery. DermACELL is a technologically advanced Acellular Dermal Matrix (ADM) that can be used in breast reconstruction surgeries, as well as in the treatment of diabetic foot ulcers and chronic non-healing wounds. These allograft bio-implants are processed utilizing MATRACELL and PRESERVON, two of LifeNet Health's patented andproprietary technologies. MATRACELL renders these implants acellular, without compromising the biomechanical or biochemical properties while PRESERVON allows them to be stored at room temperature and ready to use out of the packaging. The agreement has an initial 10-year term and, subject to certain conditions and NOVADAQ fulfilling certain sales performance metrics, will automatically renew for successive five-year periods.

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