Chicago Mayor Rahm Emanuel and Medacta USA president Eric Dremel have announced the official opening of Medacta USA’s new headquarters in Chicago. Medacta USA is a subsidiary of Medacta International, a privately held, family-owned global leader in the design of innovative joint replacement and spine surgery products. The 20,000 square foot facility located at 1556 West Carroll Avenue is expected to bring more than 50 jobs to the city, uniting Medacta USA’s operations, product development, sales, and marketing functions together in a city and region known for its deep medical technology roots.
“I am pleased to welcome Medacta International’s new US headquarters to Chicago,” says Mayor Rahm Emanuel. “One of the main objectives of the Plan for Economic Growth and Jobs is to ensure that companies like Medacta see Chicago as the ideal location for new corporate headquarters. This is proof that our efforts to create new jobs and grow the city’s economy are working.”
Medacta USA relocated its headquarters from Southern California to better support the company’s expansion into the US orthopaedics market. Since receiving initial FDA regulatory clearances in 2009, Medacta USA has experienced rapid year-over-year growth, and its knee, hip, and spine products have received accolades from surgeons nationwide. The company will continue to innovate with several new product introductions this year.
“Everyone at Medacta USA is thrilled to call Chicago our new home,” says Medacta USA president Eric Dremel. “The city combines a deep technical talent pool with the opportunity to collaborate with some of the world’s best orthopaedic researchers and practitioners at leading medical institutions. Chicago’s central location also makes it an excellent base from which to tap into the stream of medical technology and orthopaedic innovation centred in the Midwest. We are grateful for the city’s warm welcome, and we look forward to becoming a strong contributor to its business community.”
Medacta’s new location will allow the company to leverage the city’s resources and will put the company in the heart of an economic engine for medical technology research, development, and innovation. The health services industry in the Chicago region employs more than 525,000 people and includes 91 hospitals and six medical schools. “Chicago’s business-friendly environment and robust community of top medical talent make it an ideal location for companies such as Medacta to grow and prosper,” says World Business Chicago president and chief executive officer Jeff Malehorn. “Attracting US headquarters of international companies and supporting innovation in emerging sectors are key components of Mayor Emanuel’s Plan for Economic Growth and Jobs, and we’re pleased to welcome Medacta to our rich community of health, science, and technology institutions.”