All,

As we enter Spring I am more bullish than ever on Bioventus, all that we have already accomplished and what we can accomplish in the future (as in 2022!).

To the right is a strategy wheel on Bioventus that was briefly reviewed at the All Hands Meeting last week.  If you missed it here are the critical elements of this that articulates our strategy into five critical elements for focus and investment.

  1. It all starts with our Mission of returning patients to Active and Healthy Lives – this year we will impact greater than 600,000 patients – about one every 54 seconds!
  2. Investing in our commercial channel in fast growth markets – Bioventus is a medical device sales persons paradise and we want to keep it that way – we offer unlimited opportunities for growth in both income and career in the fastest growth areas in Orthopedics – Double Digit Growth across the board is our goal and aim!
  3. To achieve Double Digit Growth we are also investing in Operations, Quality and Regulatory to provide the Best products to our patients and customers and this extends from customer service, order entry, manufacturing, supply chain, distribution and meeting and exceeding all medical device quality regulations.
  4. Based on our success with Double Digit Growth we will continue to reinvest in our business in terms of New Products in the focused and fast growing customer verticals we compete in today.  This will occur through M&A and product development as both areas have the potential to bring new growth levers to Bioventus that will further feed on our Double Digit Growth Strategy.
  5. We cannot do any of this without a strong and positive culture predicated on Results, Caring and Learning.  Honoring our commitments and personal objectives, developing relationships of mutual trust, guiding our actions by ultimately supporting the patients we serve and continuing to grow and learn individually and collectively.

Think about this wheel as one that represents momentum as in the momentum of our business.  The faster the wheel goes the greater success we will achieve including $1B in revenue and $250M in EBITDA by 2026!!!  If we all push collectively on the levers above the momentum in our business cannot help but increase.

As we enter Spring I wish you great success and a renewed energy.  I hope you have BIG goals for this year and urge you to go after them now if you have not – let this be Day One versus One Day!

Have a great week!

Best Regards,

Ken