Early Life and Education
Reinhold D. Schmieding was born in Michigan to German immigrant parents. He attended Michigan State University, graduating with a Bachelor of Science in physiology in 1977, with minors in business and German. He was also a member of the Delta Chi fraternity.
Rise to Success
Schmieding began his career in orthopedic implants, working in Germany. He founded Arthrex in Munich in 1981, focusing on designing and manufacturing surgical instruments for arthroscopic knee surgery. The company's headquarters relocated to Naples, Florida, in 1991. Under Schmieding's leadership, Arthrex has grown into a global leader in minimally invasive orthopedic surgical technologies.
Key Business Strategies
Arthrex's success stems from heavy investment in research and development and a unique corporate culture. Schmieding has emphasized innovation, leading to over 14,000 products and over 1,200 patents or pending applications. The company is privately held, which allows for a long-term focus on product quality and patient care.
Philanthropy
Schmieding is known for his philanthropic activities. Arthrex supports various charitable organizations, and Schmieding has donated millions of dollars to local and national causes. He is involved in supporting education and community initiatives.