Medical Device Maker to Close Fishers Operation
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA Florida-based company says it will close its Fishers facility late next year. Tridien Medical, which was acquired last year by Chicago-based Hill-Rom Holdings Inc. (NYSE: HRC), says in a filing with the state the decision will affect 69 employees.
The first round of Indiana employees are expected to be let go January 31 and continue through the end of September. Hill-Rom Executive Director of Human Resources says in a letter to the Indiana Department of Workforce Development the decision was caused by "changing business needs." The plant closing, the company says, is expected to be permanent.
Hill-Rom relocated its longtime headquarters in Batesville to Chicago in 2015, following a more than $2 billion merger with Welch Allyn Inc. The company currently has some 10,000 employees worldwide, including a significant presence in Batesville.
Tridien is a medical support surface and patient positioning technology manufacturer. When Hill-Rom announced its acquisition, it said the move would "allow the Corporation to insource a significant supply chain function," which it expected would reduce costs and improve margins.