Breg, Inc., a premier provider of sports medicine products and services, announced today that its board of directors has promoted Brad Lee to president and chief executive officer.
A 22-year veteran of the medical device industry, Mr. Lee, 49, has served as president of Breg for the past six years. Under his tenure, Breg has doubled its revenues and grown at two times the industry average.
“We are pleased to promote Brad to president and chief executive officer, the culmination of a rigorous process that we initiated several years ago," said Stuart Essig, chairman of the board of directors, Breg. "Brad is an enormously talented executive and effective competitor. He has led Breg through a tremendous period of growth to position the company as an industry leader and innovator. He is the right leader to continue to drive Breg’s expansion and profitability."
Since joining Breg in 2008, Mr. Lee has transformed the company from a products business into an organization offering comprehensive solutions to address the changing needs of orthopedic providers. In 2012, he partnered with Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, to transition Breg from a division of Orthofix International N.V. to a standalone company. Together with Water Street, he has expanded the company’s capabilities and completed three acquisitions, including United Orthopedic Group, to position Breg as a leading provider of sports medicine, rehabilitative products and services. The company recently was honored as one of San Diego’s top workplaces by the San Diego Union-Tribune.
“I am very excited about the current trajectory here at Breg and look forward to the continued success I envision for the business,” said Mr. Lee. “I am particularly encouraged by the rapid adoption of our orthopedic solutions, which focus on improving the quality of the orthopedic episode for patients and caregivers. Our partnership with Water Street has also provided key resources and expertise, which have enabled the creation of a market-leading organization.”
Prior to his career with Breg, Mr. Lee led business development for the orthopedics, biologics and sports medicine divisions of Orthofix. Previously, he held senior-level positions with Biosite, a cardiovascular diagnostic testing company and LMA North America, a company specializing in anesthesia airway products. Mr. Lee also held management positions of increasing responsibility at ALARIS Medical Systems. He received his bachelor’s degree in chemical engineering from North Carolina State University and a master’s degree in business administration from The Fuqua School of Business at Duke University.
About Breg, Inc.
Breg provides premium, high-value sports medicine products and services that advance orthopedic patient care. From pioneering cold therapy and innovative bracing to caring customer service and award-winning orthopedic practice business solutions, Breg delivers a 360⁰ customer experience unmatched in the industry. Founded in 1989, Breg is based in Carlsbad, Calif., and is a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. Visit www.breg.com.