Medical Device Company Details Growth Plans

The company's NSS-2 BRIDGE device helps to treat opioid withdrawal symptoms. (photo courtesy Innovative Health Solutions)

Versailles-based Innovative Health Solutions Inc. has announced plans to expand operations. The medical device company will invest nearly $500,000 to move into a larger office in Carmel and create 30 jobs, while maintaining its headquarters Ripley County. The announcement comes less than a week after IHS received clearance from the U.S. Food and Drug Administration for its NSS-2 BRIDGE device, which is designed to help treat the symptoms of opioid withdrawal.

The clearance will allow doctors to prescribe the device to patients and makes it eligible for insurance coverage once states and commercial carriers adopt it.

"As Indiana continues its comprehensive and coordinated effort to attack the opioid epidemic, we’re fortunate to have companies like Innovative Health Solutions growing right here in our own back yard,” said Governor Eric Holcomb. "We’re glad the FDA has approved IHS’s innovative technology to provide much-needed relief and assistance for those fighting to overcome opioid addiction."

IHS currently has one employee in Carmel and seven in Versailles. The company says it plans to begin hiring within 30 to 45 days for various positions, including executive, customer service and nursing roles. The jobs are expected to pay an average wage that is more than 60 percent higher than the state average.

The IEDC has offered up to $275,000 in conditional tax credits and up to $150,000 in training grants.

IHS President Brian Carrico appeared on Inside INdiana Business Television in November 2016 to talk about the NSS-2 BRIDGE device. You can view the full interview with Barbara Lewis by clicking the link below: