South Miami, FL-Apr 15, 2010
Alex Aguila, successful entrepreneur and Co-Founder of wholly owned Dell subsidiary, Alienware Corporation, is supporting another Miami based start-up company, Internal Fixation Systems (IFS). IFS is the world’s first manufacturer of generically priced surgical implants. With national focus on reducing healthcare costs, IFS is responding by offering orthopedic implants at 40-60% less than competitors. IFS offers an alternative that is completely equivalent in quality, design, functionality and material to the industry’s top surgical implant companies at a fraction of the price. All products are FDA 510(k) approved and manufactured in the Miami facility. IFS focuses on implants that orthopedic surgeons use everyday across the country to fix common fractures.
IFS’s business model is based on streamlined manufacturing techniques that eliminates post-production and substantially reduces the number of machines and operators needed to produce their products. Additionally, the company’s administrative overhead is well below the industry average.
“I am always interested in companies that challenge industry norms” says Alex Aguila. “IFS is doing just that. They are doing to the implant market, what the generic manufacturers did to the pharmaceutical market 20 years ago. I am looking forward to watching IFS revolutionize the surgical implant industry.”
Aguila rose to success by defying conventional wisdom in the PC market, manufacturing and selling high-end personal computers at a time when most people considered them low margin commodities. Before the company’s sale to Dell in 2006, Alienware Corp. had sales of more than $172 Million and was listed on Forbes and Inc. 500. At the time, Alienware was one of only three companies ever acquired by Dell Corp.
IFS is led by another visionary and well known healthcare entrepreneur, Stephen Dresnick, MD. Dresnick is best known as the Founder and CEO of Sterling Healthcare which provided healthcare staffing and billing solutions to hospital emergency departments around the country. Upon its sale in 2005, Sterling had revenues in excess $350 Million. Sterling was highlighted over the years in a variety of forums, being named number six on the Inc. 500 list in 1992, ranking 53 in the Miami Herald’s top Florida companies, and ranking 101 in Florida Trend’s top 250 public companies. In 1996 Sterling was listed number 31 by Business Week Magazine of “hot growth companies”.
“We are thrilled to have Aguila’s support” says Dresnick. “He has succeeded against industry giants and knows what it takes. It is exciting to have visionaries like Aguila in our corner.”
In addition to Aguila’s investment, the company raised $500,000 in bridge loan financing and is planning a second equity round in Q2 2010. The company also participated in Wall Street Spring Break Conference hosted by LDV Capital Management in March.
Internal Fixation Systems (IFS) is based in Miami, Florida and is the world’s first generic manufacturer and marketer of orthopedic and podiatric surgical implants. The company’s mission is to bring down the cost of healthcare by offering generically priced surgical implants that are equivalent in quality, design, functionality, and material to the industry’s top surgical implant companies. For more information call Laura Cattabriga at 305-481-5588 or contact her at laura.cattabriga@ifsusa.net