|Birth Place||Naples, Florida, United States|
|Age||65 YEARS OLD|
|Residence||Naples, Florida, US|
|Alma mater||Michigan State University|
|Occupation||Founder and CEO, Arthrex|
|Known for||Owner of 95% of Arthrex|
Our corporate mission, making people better, is founded on healthcare innovation, new job creation, employee well-being, and charitable giving.
In 1981, Schmieding started a medical device company called Arthroscopy Excision Instruments Inc., which focused on an emerging procedure known as arthroscopy. The initial investment was $60,000 from Schmieding's personal savings. After starting the company, Schmieding did not make a profit for the first two years. He ran his company from a fold-out table in his small apartment in the Olympic Village.
Currently, Arthrex distributes its products to more than 90 countries worldwide. It has subsidiaries throughout Europe, including Germany, Austria, Belgium, England and France. In 1991, the headquarters shifted to Naples, Florida. From then, the company has grown from two employees to over 2000. In 2015, Arthrex Inc. was named as one of Fortune 100 Best Companies to Work For.