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Major investment at medical-device firm

Posted on 03 Dec 2014 and read 2563 times
Major investment at medical-device firmTexas-based CoorsTek Medical acquired medical-device manufacturer IMDS back in 2013; since then, it has invested more than $1 million in new equipment and launched multiple product lines from the 88,000sq ft facility in Vandalia, Illinois, where there are currently 200 employees (more people are expected to join the company over the next few years).

CoorsTek Medical CEO Jonathan Coors said: “It is critical that we look for companies like IMDS, to combine what they’re good at with what we’re good at, and really take the market by storm.”

IMDS is working on a variety of products, including: ankle and total shoulder replacements; plating systems for the hand, foot, elbow, and ankle; a wide range of spinal solutions, including total disc replacement; and a wide variety of trauma products. Additionally, it makes some of the tools that surgeons use to implant these devices within the body.