Medical device manufacturer launching new operations in the Upstate; life science boom continues see more
Medical device manufacturer launching new operations in the Upstate
Monday, October 16, 2017
COLUMBIA, S.C. – Arthrex, Inc., a global orthopedic medical device company, headquartered in Naples, Fla., is launching new manufacturing operations in Anderson County. The $69 million capital investment is expected to create more than 1,000 new jobs over the next several years.
With a corporate mission aimed at helping surgeons treat patients better, Arthrex is a leader in new product development and medical education in orthopedics. The company is a pioneer in the field of arthroscopy and has developed more than 11,000 innovative products and surgical procedures to advance minimally invasive orthopedics worldwide.
Located at 5500 Highway 76 in Sandy Springs, S.C., Arthrex will be constructing a new 200,000-square-foot facility to manufacture its innovative orthopedic devices and implants. Hiring for the new positions should begin in the next 12 to 18 months, and interested applicants should visit the company’s careers page online(link is external).
The Coordinating Council for Economic Development has approved job development credits related to this project.
“Arthrex is pleased to bring its innovative spirit and unique culture to Anderson County, S.C. and we look forward to leveraging the outstanding work done in the area to prepare future employees for high-level manufacturing jobs.” –Arthrex Vice President of Manufacturing Andy Owen
“South Carolina’s business-friendly climate continues to attract companies in every industry, and we’re proud to welcome Arthrex, Inc. to our growing business community. This a milestone for Anderson County, and we can’t wait to see the difference these jobs will make in the region.” –Gov. Henry McMaster
“Not only does our state excel in manufacturing, we’re also increasingly becoming a top choice for companies in the life sciences sector. Arthrex joins an impressive roster of life sciences firms that call South Carolina home, and we look forward to watching them grow in Anderson County for years to come.” –Secretary of Commerce Bobby Hitt
“We are absolutely thrilled to begin our partnership with Arthrex. Their precision medical products are used by medical professionals around the globe, and the fact that our citizens have been chosen to make them says volumes about the quality of our workforce as well as the skills training we provide.” –Anderson County Council Chairman Tommy Dunn
“This announcement takes our county in an exciting direction. Our goal of establishing a diverse economic base for our citizens is becoming a reality. The presence of this world-class company in our community speaks for who we are in Anderson, and we welcome them with open arms.” –Anderson County Councilman Tom Allen, District Four
FIVE FAST FACTS
- Arthrex is launching new manufacturing operations in Anderson County.
- $69 million capital investment to create more than 1,000 new jobs.
- Arthrex is a leading manufacturer of orthopedic medical devices.
- Located at 5500 Highway 76 in Sandy Springs, S.C., the company will be constructing a new 200,000-square-foot facility to manufacture its innovative orthopedic devices and implants.
- Hiring for the new positions should begin in the next 12 to 18 months, and interested applicants should visit the company’s careers page online.
Building the business of life sciences in South Carolina has become the call to action of SCBIO... see more
Building the business of life sciences in South Carolina has become the call to action and theme of the 2017 annual conference of the S.C. Biotechnology Organization (SCBIO). The rapidly evolving statewide industry association is featured in this September 2017 issue of Charleston Business Magazine, and will be featured in October 2017 issues of Columbia Business and Greenville Business as well. Click here for the full article.
HITACHI TO EXPAND ITS CLINICAL REPORTING AND ANALYTICS FOR DIAGNOSTIC IMAGING WITH THE ACQUISITION OF VIDISTARHitachi Healthcare Americas Corp. has entered an agreement to acquire Greenville, SC's VidiStar, LLC see more
Twinsburg, OH January 9, 2018 - Hitachi Healthcare Americas Corporation, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501) and a leading provider of medical imaging modalities to hospital and ambulatory clients nationwide, today announced that it has entered into an agreement to acquire VidiStar, LLC, a Greenville, SC-based company focused on reinventing how doctors review and report on diagnostic exams to drive productivity, portability, and improved communication and clinical decision making. Hitachi expects that the acquisition of VidiStar will advance the company's informatics strategy and analytics capabilities to improve workflow and intelligence for physicians, particularly with those providers conducting diagnostic ultrasound examinations.
"VidiStar has developed a cloud-based diagnostic viewer and customizable structured reporting solution for medical imaging and clinical decision support. With VidiStar, physicians can interpret exams over the web and deliver improved visualization and timely results with the extended care teams.” said William Burns, Senior VP, Hitachi Healthcare Americas.
“We are very excited about VidiStar becoming part of the Hitachi team and believe this partnership will further our client’s ability to reduce inefficiencies in clinical and operational workflows. We will work together to create the next generation of healthcare informatics and analytics solutions so providers and healthcare professionals can take full advantage of the power of informatics." said Craig Walker, CEO of Vidistar.
“This acquisition will add significant talent and expertise in expanding our Healthcare Informatics business at Hitachi. As the healthcare market transitions from volume to value-based care, structured reporting and advanced analytics will play a critical role in enabling and supporting this transition.” said Yasuhiko Taniguchi, CEO of Hitachi Healthcare Americas.
Structured reporting can help standardize and improve the quality of clinical reports and streamline communication among care teams while reducing errors. Advanced analytics and data mining can help identify key value drivers, improve decision making, and ensure that providers and healthcare professionals are informed and efficient in their mission to deliver high quality care.
Upon completion of the transaction, VidiStar and its employees will become part of the Hitachi Healthcare Americas business group within Hitachi. VidiStar will maintain its current headquarters office in Greenville, SC.
About VidiStar, LLC
VidiStar, LLC is based in Greenville, SC (USA) and has developed a web-based diagnostic viewer and patented structured reporting solution (US Pat. No. 8,200,505) for medical imaging and clinical decision support. VidiStar's technology allows physicians and healthcare providers the ability to read and interpret diagnostic studies over the internet for timely interpretation, improved patient diagnosis, clinical decision support, and advanced patient data analytics and notification. VidiStar is a 2012 and 2013 Innovision Award Winner and a 2008 and 2010 SCLaunch Portfolio Company.
About Hitachi Healthcare Americas Corporation
Hitachi Healthcare Americas Corporation, located in Twinsburg, Ohio, a wholly owned subsidiary of Hitachi, Ltd. offers a broad range of diagnostic imaging equipment including MRI, CT and Ultrasound. Hitachi’s MRI, CT and Ultrasound technologies provide speed, comfort and quality for both physicians and patients alike and play an important role in the diagnosis and treatment of disease while driving social innovation into healthcare. Visit www.hitachihealthcare.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges. The company’s consolidated revenues for fiscal 2016 (ended March 31, 2017) totaled 9,162.2 billion yen ($81.8 billion). The Hitachi Group is a global leader in the Social Innovation Business, and it has approximately 304,000 employees worldwide. Through collaborative creation, Hitachi is providing solutions to customers in a broad range of sectors, including Power / Energy, Industry / Distribution / Water, Urban Development, and Finance / Government & Public / Healthcare. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com/.
Ty Kourlas posted an articleSCBIO named Sam Konduros, as the new president and CEO of the statewide not-for-profit entity see more
The South Carolina Biotechnology Industry Organization (SCBIO) named Sam Konduros, a business leader and biomedical and economic development consultant, as the new president and CEO of the statewide not-for-profit entity. SCBIO represents and catalyzes innovators in medicine, medical devices and biomaterials.
Konduros, a member of the SCBIO board, is the founder of SK Strategies LLC launched in 2004, and has led or consulted numerous state economic development efforts. He also served as executive director of Greenville Health System’s Research Development Corporation from 2014 to 2016.
“Sam’s strengths in knowing the biotech sector and his deep experience in business and economic development were compelling,” said Erin Ford, Chair of SCBIO. “The board was won over by his vision for the growth of SCBIO.”
As executive director for the GHS RDC, Konduros worked to facilitate tech transfer, attract new biomedical companies and grow collaborations between clinicians, researchers, and health educators while nurturing startups in shared lab space. He also chaired the healthcare system’s IP Committee, and helped develop the concept for a new life sciences innovation district referred to as the IMED Innovation Corridor.
“I greatly appreciate the SCBIO board’s passion for serving and advancing South Carolina’s rapidly growing life sciences community and industry sector, and for their vote of confidence in my leadership capabilities for the organization going forward,“ Konduros said. “I am highly motivated to get officially started in this exciting new role in late April, and I am confident we will have some dynamic and innovative new initiatives to announce by the time our annual conference takes place in Charleston Oct. 25-26.”
Konduros also served as a multi-year consultant to help forge the Clemson University’s International Center for Automotive Research (CU-ICAR). He was the founding president and CEO of The Upstate SC Alliance. Konduros is a former Cancer Society chairman, Greenville Chamber chairman, and SC Chamber of Commerce executive committee member. He has a law degree from the University of South Carolina and undergraduate degree from Clemson.
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Ty Kourlas posted an articleErin Ford, Director of Sales at Poly-Med Inc. of Anderson, named SCBIO's 2017 chair see more
The board of directors for South Carolina Biotechnology Industry Organization (SCBIO) has named Erin Ford as its 2017 chair.
Ford is the director of sales at Poly-Med Inc. of Anderson, a global innovation company that is developing absorbable polymers and constructs for the medical device industry. Ford previously worked with Upstate SC Alliance as a life science business recruitment officer. She also was an ex-officio SCBIO board member from 2013-2015 and led a regional biosciences task force of industry executives from the Upstate.
“This year we will be demonstrating the economic impact our community of innovators in advanced medicines, medical devices, and diagnostic therapies are bringing to the state,” Ford said in a news statement. “We have come out of our most successful conference, have a record number of members, and are seeing a real growth in our companies and economic development prospects.”
SCBIO recently formed a partnership with the South Carolina Department of Commerce to carry out a life science economic impact study with strategic growth recommendations.
The organization also has named these new executive officers for 2017:
- Craig Walker, vice chair and chief executive officer of VidiStar LLC of Greenville
- Michael Rusnak, treasurer and executive director of MUSC’s Foundation for Research Development
- Kathryn Becker, secretary and principal at Translational Science Solutions LLC of Charleston
- Terrell Mills, executive committee and attorney at Wyche of Greenville
Other directors named to the SCBIO board of 2016 include:
- Darralyn Alexander, CEO and principal for Reimbursement Strategies LLC of Myrtle Beach
- Rick Brisbin, patent and intellectual property attorney for Haynsworth Sinkler Boyd
- Jerry Chang, vice president of business development for BioD LLC of Greenville
- Christian Graves, president of Carolina Biotechnology Group, Columbia
- Martine LaBerge, chair of the Clemson Department of Bioengineering
- Sam Konduros, principal at SK Strategies of Greenville
- Prakash Nagarkatti, vice president of research at the University of South Carolina, Columbia
- Phil Vickery, senior director of manufacturing at Capsugel Americas, Greenwood
SCBIO is a statewide nonprofit trade association that represents companies in the advanced medicines, medical devices, equipment, diagnostics, and health care outcome industries.
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