Inovus Medical, a manufacturer of surgical training technologies, has appointed Loraine Hughes to its board of directors.
Hughes has joined as the company’s finance and operations director following a significant period of growth for the business, having doubled headcount in 2023 and securing major partnerships with AAGL and Hologic.
Her appointment strengthens the senior leadership team at a time that the organisation eyes continued global expansion.
Inovus Medical was founded by CEO Elliot Street and Jordan Van Flute in 2012 after they spotted an opportunity to improve surgical care through connected surgical training. The company’s mission is to become the world’s partner for surgical training.
The company featured in seventh spot on our MedTech 50 innovation ranking this year.
Hughes brings a wealth of experience to Inovus Medical, with decades of multi-sector expertise across medical technology, fast moving consumer goods and manufacturing, including stints with Unilever, INEOS and, most recently, Wepa.
Notably, Hughes made significant contributions to the growth of BSN Medical, a joint venture of Smith and Nephew and Beiersdorf, and its subsequent acquisition by private equity.
https://businesscloud.co.uk/medtech-50-uks-most-innovative-medical-technology-creators/
Glenn Cooper, chairman and investor, said: “This is an extremely exciting time for Inovus Medical as we are in the midst of unprecedented growth.
“We are confident that Loraine’s expertise and experience will be pivotal in supporting our rapid global expansion. Her addition to our leadership team is a significant milestone in our journey towards becoming the world’s partner for surgical training.”
Will Clark, managing director of Mercia Ventures, an early-stage investor in Inovus, added: “Mercia Ventures is excited to witness the continued expansion of Inovus Medical, and we are pleased to welcome someone of Loraine’s calibre to the senior leadership team.
“Her background and skills are a perfect match for the company’s ambitious growth trajectory.”
Commenting on her appointment, Hughes said: “I am thrilled to be a part of such a fast-growing and dynamic business like Inovus Medical.
“The potential for innovation and impact in the healthcare industry is tremendous, and I’m eager to contribute to the company’s ongoing success.”
In her new role as finance and operations director, Hughes will support the founding executives in shaping the strategic growth of the business with a particular focus on its continued expansion globally.
Earlier this year Inovus Medical was crowned KPMG Private Enterprise Tech Innovator in the UK 2023.
The St Helens-based designer and manufacturer of surgical training technologies came out on top from nearly 400 applications and eight regional heats.