A New Hampshire medical equipment developer says it will invest $3.4 million to relocate its headquarters to Warsaw to take advantage of the numerous orthopedic companies already based there.
RAZOR Medical Instruments Inc. says it plans to create up to 63 new jobs in the “Orthopedic Capital of the World” over the next three years.
The instrumentation and technology company markets single-use instruments to the orthopedic joint replacement industry.
RAZOR has leased office space at the OrthoWorx office, a nonprofit that supports the orthopedic industry in Kosciusko County, as it explores a more permanent location.
“The concentration of resources in the medical device field in northeastern Indiana is impressive,” said Bruce Khalili, president of RAZOR. “Being in Warsaw is a strategic move for RAZOR as it permits us to leverage the availability of technical talent and manufacturing expertise in the field of medical devices.”
Khalili says RAZOR began working with AcceLINX, a Warsaw-based health business accelerator launched by OrthoWorx, to help bring its products to market.
The Indiana Economic Development Corp. has offered Razor Medical up to $1 million in conditional tax credits and training grants based on the company’s job creation plans.