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Tornier Growing Under New Owner
11/5/2012 8:36:49 AM
The volume of business that officials at OrthoHelix Surgical Designs in Medina oversee is about to double, thanks to its new Dutch parent. Tornier N.V., which acquired the orthopedic device maker Oct. 4, plans to put OrthoHelix in charge of its foot and ankle product line, said Dennis Stripe, president of OrthoHelix. That line brings in about $25 million in revenue per year; by comparison, OrthoHelix as a whole is expected to generate $30 million in sales this year. The move is just one piece of evidence suggesting that Tornier not only plans to keep OrthoHelix in Medina, but also to help the fast-growing operation expand even faster now that it's a division of the Amsterdam-based medical device company. Even without the new products, OrthoHelix already plans to hire 20 to 30 people over the next six to eight months, said Mr. Stripe, whose company makes implantable screw-and-plate systems surgeons use to fix bone deformities and fractures.
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