WishBone Medical Acquires Plymouth Company
Warsaw-based WishBone Medical has acquired a medical device manufacturer in Marshall County. Financial terms of the deal for Plymouth-based CSpine Inc. are not being disclosed, however a spokesperson for WishBone tells Inside INdiana Business no jobs will be affected.
CSpine designs, develops and manufactures spine and orthopedic implants and instruments. WishBone says the acquisition will allow it to enter a key market segment in the pediatric orthopedics industry "to address the unmet needs of children with spinal deformities."
The deal follows another acquisition in October of Red Star Contract Manufacturing in the Whitley County town of Larwill. WishBone says CSpine will now operate under the name of Red Star Medical Solutions, and will be part of the Red Star family.
WishBone says all Red Star facilities will continue to provide contract manufacturing for the medical device industry. WishBone and Red Star currently employ some 60 people, and the company says it will grow its workforce as it builds sales.