Pace Surgical acquires innovative technology to enhance foot and ankle care

Pace Surgical Inc., a Runway Healthcare company dedicated to anatomical reconstruction of foot and ankle deformities and fracture care, announced the acquisition of key compression distraction technology from Best Step Orthopedics, LLC.

Bill Rhoda, Pace Surgical's chief technology officer, states, "Pace Surgical's mission of preserving anatomical constructs and the quality of life of foot and ankle patients is enhanced by the addition of BSO's compression-distraction plate. Midfoot pathologies often come with a sacrifice in shortening or flattening constructs to provide compressive forces during a fusion. The technology acquired from BSO enables surgeons to provide appropriate anatomical distraction while providing compressive forces to facilitate a strong fusion. We are incredibly excited to have the BSO team of Lew Schon, M.D., Malik Siddique, M.D., and Roy Wiley join the Pace team with a common goal in mind."

"We are excited to work with Pace Surgical to commercialize our compression-distraction technology and improve fusion outcomes with restored anatomy. Pace has a talented and experienced team to optimize this technology and create a vast portfolio of implant options for the foot and ankle surgeon," comments Roy Wiley, president of Best Step Orthopedics, LLC.

Pace Surgical was internally founded by Runway Healthcare in its Venture Studio model with the goal of creating anatomically designed implants by foot and ankle surgeons that improve patients' quality of life. Pace Surgical is developing and will seek regulatory approval on its multifaceted system, anticipating FDA clearances towards the end of 2025 and into early 2026.

According to a report by ResearchAndMarkets.com, the orthopedic foot and ankle market is expected to reach $7.3 billion by 2030, growing at 5.7% compounded annually, which is being driven by new innovations in technology and an active aging population with an increased prevalence of orthopedic injuries. Runway Healthcare currently has two portfolio companies in the lower extremity markets with Pace Surgical and Toetal Solutions.