Orthopedic Device Manufacturer Finalizes Long-Term Growth Plans in Indiana
WARSAW, Ind. (Sept. 22, 2020) – WishBone Medical, a Warsaw-based pediatric orthopedic device company, announced plans today to expand its operations in Indiana, growing its global headquarters in Warsaw to support new product development and manufacturing operations in Indiana and beyond. The company plans to continue its recent hiring trend, adding up to 51 new jobs over the next two years.
“Indiana’s reputation as the Orthopedics Capital of the World continues to grow thanks to companies like WishBone Medical,” said Indiana Secretary of Commerce Jim Schellinger. “We’re grateful that WishBone Medical is choosing to fuel its growth in Indiana, and we remain confident that the state’s pro-business environment and talent pipeline will support the company’s future success as they work to deliver critical devices for pediatric patients around the world.”
WishBone Medical, which designs, develops and manufactures pediatric implants and instruments, will make a significant investment to expand its footprint in Warsaw, purchasing, renovating and equipping a 12,200-square-foot facility at 100 Capital Dr. The building, which will serve as the company’s new headquarters, will allow WishBone to enhance its manufacturing and sterile packaging operations while fueling growth at its subsidiaries, Red Star Contract Manufacturing in Larwill, Indiana; Red Star Medical Solutions in Plymouth, Indiana; and Response Ortho in Istanbul, Turkey. The company plans to celebrate the grand opening of its facility this October.
“WishBone’s rapidly growing portfolio requires an even larger team,” said Nick Deeter, founder and CEO of WishBone Medical. “While we have certainly outgrown our main office, it’s a problem we’re glad to have. In our search for more space, we were committed to keeping our corporate headquarters in Warsaw, where there is such a diverse pool of industry professionals to draw from. The city’s highly visible ‘SYM’ building on US 30 provides an accessible base and central location to our Indiana facilities. We cannot wait to make the property WishBone’s new ‘home’ as we begin a new chapter.”
Despite the unprecedented challenges faced by Indiana businesses during the COVID-19 pandemic, WishBone continues to add to its growing team. The company, which first outlined its Warsaw growth plans in 2018, committed to creating up to 81 new jobs and has already hired 30 new positions toward its goal. WishBone is currently hiring for product design, development, marketing, quality and regulatory affairs associates at its corporate office in Warsaw. Interested applicants may apply online.
Founded in 2017, WishBone Medical is the only pediatric orthopedic company to offer anatomically appropriate solutions in single-use, sterile packed procedure kits. According to the company, 95% of children receive off-label, adult orthopedic products that are not designed for their unique physiological needs. WishBone products are specially designed to accommodate children’s rapidly-changing bodies while addressing a variety of conditions that surgeons treat on a daily basis.
“We’re excited to see the rapid growth of WishBone Medical to impact patients worldwide from their headquarters in our community,” said Warsaw Mayor Joe Thallemer. “Warsaw is known as the Orthopedics Capital both for the industry’s strong legacy in our community as well as how the future of the industry is being shaped here.”
The Indiana Economic Development Corporation offered WishBone Medical Inc. up to $1.5 million in conditional tax credits based on its 2018 job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Warsaw approved additional incentives last night at the request of the Kosciusko Economic Development Corporation.
Orthopedic device companies like WishBone Medical continue to grow in Indiana – a global leader in the life sciences industry. According to BioCrossroads and the Indiana Business Research Center, Indiana is the No. 2 largest exporter of life sciences products in the U.S., totaling more than $10.5 billion. More than 2,100 life science companies operate in Indiana, supporting 56,575 Hoosier jobs with average wages of more than $102,000 annually. Additionally, Warsaw, Indiana, is known as the Orthopedic Capital of the World.
About WishBone Medical
WishBone Medical is a global pediatric orthopedic company, committed to providing anatomically appropriate innovative implants, instruments and biologics in single-use, sterile packed procedure kits, designed to prevent infection, reduce overall costs for customers and achieve the best outcomes for children around the world who are still growing. The WishBone Medical Family of Companies offers 42 product systems with operations in Warsaw, IN, Istanbul, and Singapore.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.