Runway Healthcare

Runway Healthcare is a Medical Device Venture Studio that invests in early-stage technologies that transform patients' lives. As a medical device accelerator,...

Runway Healthcare

Runway Healthcare is a Medical Device Venture Studio that invests in early-stage technologies that transform patients' lives. As a medical device accelerator, it funds and nurtures innovative ideas from infancy through commercialization. The firm invests in and manages early- and development-stage MedTech companies, preparing them for commercialization and transfer to multi-national companies.

Website

www.runwayhc.com

linkedin.com/company/runway-healthcare

General information

Firm type

Private Equity

Year founded

2020

Location

Region

North America

Country

United States

City

Malvern

Corporate office

Malvern, PA, United States

Principals

Jeff O'Donnell, Jr.

President & CEO, Waypoint Orthopedics; CEO & Co-Founder, Toetal Solutions; CEO, Crossover Medical; CEO & Co-Founder, Pace Surgical

William Rhoda

CTO, Waypoint Orthopedics; President, CTO, & Co-Founder, Toetal Solutions; President & CTO, Crossover Medical; CTO & Co-Founder, Pace Surgical

Jeff O'Donnell, Sr.

Executive Chairman, Waypoint Orthopedics, Toetal Solutions, Crossover Medical, Pace Surgical

Sector focus

Healthcare Services

What is Runway Healthcare's investment model?

Runway operates as a venture studio, not a traditional venture capital fund. It forms and wholly owns medical device companies, providing centralized management, engineering, and regulatory infrastructure. Each portfolio company is led by the same executive team — Jeff O'Donnell, Jr. as CEO and William Rhoda as technical lead — across all four platform entities.

Which medical device subsectors does Runway Healthcare target?

The firm focuses exclusively on orthopedics, with platform companies spanning spine surgery (Waypoint Orthopedics), foot and ankle deformity correction (Toetal Solutions), trauma and fracture care (Crossover Medical), and anatomically contoured foot and ankle trauma implants (Pace Surgical). Runway shows no current activity in digital health, cardiovascular, neurology, or surgical robotics.

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