The Catalyst OrthoScience Board of Directors
Carl O’Connell
Carl O’Connell is a visionary and transformational executive who leads organizations to achieve impressive wins through strategic leadership. The through line in his career is a commitment to operational excellence that enables companies to achieve meaningful financial and market share growth, as well as his ability to guide organizations through periods of significant change to emerge stable and successful on the other side.
Throughout his career, Carl has made it his mission to build and develop high-performing teams that make up the backbone of a successful organization. With an eye for finding outstanding talent, he consistently builds companies’ competencies to strengthen the organizations’ ability to capitalize upon new opportunities. As a high-energy and high-trust team leader, Mr. O’Connell is a servant leader who demonstrates and expects integrity, honesty, and respect and cultivates authentic collaboration and synergies across large organizations.
Often sought out by companies to lead change management and organizational transformations, Carl brings focus, patience, and drive to achieve results. Having worked with companies ranging from startups to Fortune 500 powerhouses, he has been involved in large-scale mergers and acquisitions, integrations, and restructurings.
Keeping an intentional finger on the pulse of market trends, competitor developments, customer needs, and key opinion leader (KOL) insights, Mr. O’Connell brings an innovation-focused and problem-solver mindset that enables him to position companies for double-digit growth. Approaching challenges with creativity, he defines bold strategy and rallies company resources to put plans into action, drawing on past successes and proven strategies.
As a competitive, results-driven individual, Carl has developed wide-ranging expertise and has established a track record of challenging the status quo to lead companies to greater things. With extensive industry experience, including on the capital and funding side, he is well equipped to reshape, refine, and optimize companies in meeting and exceeding performance goals and objectives. Enhancing his experience is his indepth knowledge and hands-on practice of Agile, Kaizen, Lean, Six Sigma, and High Performance Management System methodologies, which he leverages to streamline operations, cut costs, and improve financial results while driving market-leading initiatives.
Well travelled and culturally competent, Mr. O’Connell has lived and travelled overseas and has worked extensively with global teams. Carl consistently demonstrates the ability to navigate an increasingly globalized and heavily regulated industry with ease.
Carter McNabb
Carter McNabb is a managing director at River Cities Capital Funds and leads the firm’s healthcare investing practice. He has been instrumental in setting River Cities’ healthcare strategy and establishing the firm’s credibility within the healthcare vertical. Previously, Carter worked in marketing and business development for Home Technology Healthcare, a comprehensive home healthcare company offering nursing, DME, infusion therapy and hospice services. Home Technology Healthcare was private equity financed by Continental Illinois and acquired by Integrated Health Services in 1997. As the 1998 recipient of the Bradford Fellowship for achievements in corporate finance, Carter worked in equity research at J.C. Bradford & Co. while attending business school at Vanderbilt. Carter has achieved numerous highly profitable exits in healthcare services and medical technology, including Suros Surgical Systems, Accelecare, SurgiQuest, OrthoHelix, Invivodata, PerfectServe, TissueTech and Orthoscan. He currently serves on the boards of Nico, OrthAlign, Bolder Surgical and Catalyst Orthoscience. Carter is also an independent board member of Ischemia Care. Carter holds a BA in Classical Studies from Trinity College (Hartford, CT) where he was awarded the James Goodwin Prize, the oldest academic honor at the college, and received his MBA from Vanderbilt University.
Derace Schaffer, MD
Derace Schaffer, MD is the founder and Chief Executive Officer of the LAN Group, a venture capital firm specializing in healthcare and technology investments. Dr. Schaffer has either founded or co-founded more than 20 companies, both public and private, and he currently sits on the Board of Directors of three public companies in addition to Medical Tracking Solutions. He completed his postgraduate medical training at the Harvard Medical School and at Massachusetts General Hospital where he was Chief Resident. Dr. Schaffer has been a Professor at both the University of Rochester School of Medicine and the Cornell School of Medicine. He is a member of Alpha Omega Alpha, the National Medical Honor Society.
Steven S. Goldberg, M.D.
Dr. Steven S. Goldberg is the Founder of Catalyst OrthoScience. He is a board certified orthopedic surgeon and is the Chief of the Division of Orthopedic Surgery at Physicians Regional Healthcare System in Naples. He is the lead author on several research articles including the Journal of Bone and Joint Surgery, the leading journal in the orthopedic field. He received his Bachelor of Science in Chemistry from the University of Virginia and his medical degree from Rutgers New Jersey Medical School. Dr. Goldberg completed a fellowship in Shoulder Surgery and Sports Medicine at Columbia University in New York City. Founded by Dr. Charles Neer, who is known as the “father of modern shoulder surgery,” this is the nation’s oldest and most prestigious shoulder fellowship.
Wayne Wallace
Wayne co-founded Mutual Capital Partners Funds in 2004 and leads the firm’s healthcare investing practice. He has been instrumental in setting MCPF’s healthcare strategy and establishing the firm’s credibility within the healthcare market. Previously, Wayne worked in investment banking for both National City Investments and McDonald & Company.
Wayne was the first employee hired by the new co-heads of the investment banking group and played an integral role in sourcing and executing transactions, recruiting talented professionals, and significantly growing the group’s revenue. Wayne performed substantial financial, economic, and industry analysis and provided client advice, financial structuring, and investor contacts for companies seeking to raise capital or engage in merger, acquisition, and divestiture activities.
His investment banking experience includes engagements with numerous private and public companies including Actron, Dots, Cumberland Gap Provision, Royal Appliance, Plantronics, and others. Wayne’s most recent highly profitable exit in orthopedics was OrthoHelix Surgical Designs. (Sold to NASDAQ: TRNX)
While Wayne was on the board the company’s revenue grew over 8,000% and the exit generated more than a 5x cash on cash return. Wayne holds a B.S. in in Business Administration with a specialty in Finance from The Ohio State University and was recently named One of Northeast Ohio’s Leading Young Executives. Wayne serves on the Lakewood Catholic Academy board of directors and resides in Lakewood, Ohio with his wife Kristen and three children.
Cameron Rubino
Co-Founder & Managing Director at Navigation Fund Services