There are 16 article(s) tagged medical device industry:
“When we say we have the highest concentration of Black talent in health care and life science, the companies we’re recruiting to Memphis sit up and pay attention,” said Gwyn Fisher, chief economic development officer of the Greater Memphis Chamber.
Hera Health Solutions, a local pharmaceutical device company, has won a Small Business Innovation Research grant from the National Science Foundation.
Over the past 13 years, PBC has grown from a small startup in Ireland to a company with offices in France and now Memphis, and partners in Germany, Sweden and Japan.
A new report shows the Greater Memphis area’s medical device industry, which has a nearly $4.1 billion yearly impact on the local economy, added nearly 2,000 jobs and grew its economic output by $1.4 billion since 2015.
In addition to the $145 million in cash at closing, the transaction includes up to $110 million in growth-based earnout payments over a four-year period.
The facility at 7101 Goodlett Farms Parkway will become the medical device manufacturer’s second site in Cordova.
The California-based medical device company plans to hire 95 employees and spend $3.5 million to open a distribution and repair operation in the city’s southeast industrial submarket.
Wright Medical has about 700 employees in the Memphis area.
Medical device maker Stryker Corp. last week reported strong third quarter earnings and momentum in the extremities and trauma business heading into 2021 after the planned addition of Wright Medical.
Not only has MLM Memphis – formerly CirQuest Labs – added employees and space since being purchased last summer, its founder anticipates the lab may triple in size within five years.
Medical device maker Stryker has extended its $5.4 billion offer to buy Wright Medical for a fourth time, to Sept. 30.
Engineered Medical Systems has already more than doubled the size of its facility from 40,000 to 92,000 square feet.
Stryker has extended for a third time its tender offer to buy Memphis-grown medical device maker Wright Medical. The new deadline is Aug. 31.
Stryker Corp. extended a tender offer for shares of Wright Medical Group until June 30, after Wright shareholders cleared the way for the transaction during a meeting Friday, April 24.
The clock is ticking on medical device maker Stryker's $30.75 a share offer to buy Memphis-grown Wright Medical and boost Stryker's position in the global orthopedic surgical products market.
Medtronic's U.S. distribution network, which runs through Memphis, is moving ventilators made in Galway, Ireland, to hospitals battling coronavirus.
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