Amendia, Inc. and Medline Industries, Inc. Announce Investment and Strategic Business Alliance
MARIETTA, Ga., May 08, 2012 (BUSINESS WIRE) — Amendia, Inc., a manufacturer and distributor of spinal implants and surgical instruments, and Medline Industries, Inc. announced a new strategic business alliance. The relationship aligns Amendia’s growing spinal surgical device business with Medline’s leading medical and surgical products network. Amendia’s advanced manufacturing facility located near Atlanta compliments Medline’s world class facilities which include more than 50 manufacturing facilities and distribution centers around the world.
“This investment and alliance provide a tremendous opportunity for our company, the Georgia community, and the spine industry as a whole. Amendia will benefit from Medline’s professional management team, expansive distribution channels, manufacturing capacity, and cost efficiencies,” said Jeff Smith, CEO of Amendia. David Greenberg, Executive Vice President-Strategy with Medline, will serve on Amendia’s Board of Directors which is comprised of several well respected executives in the medical device industry. “Medline’s investment, following an extensive due diligence, is a significant indicator of the confidence sophisticated investors place on the future of Amendia,” Smith continued.
About Amendia, Inc.
Headquartered in Marietta, Georgia, Amendia is quickly becoming a recognized leading provider of innovative Class II and Class III medical devices used in spinal surgical procedures, including spinal fixation systems, implants, and instruments. Through the many relationships developed by Amendia across the United States, the Company will continue to target the rapidly growing minimally-invasive spinal surgery device sector by marketing state-of-the-art medical implants primarily through direct sales to leading orthopedic and neurological surgeons and key distributors throughout the country.
About Medline Industries , Inc.
As the nation’s largest privately held manufacturer and distributor of health care products, Medline manufactures and distributes more than 125,000 products to hospitals, extended care facilities, surgery centers, physician offices and home care dealers. Recently named one of the “100 Best Places to Work in Healthcare,” Medline is headquartered in Mundelein, Ill. and has more than 1,100 dedicated sales representatives nationwide to support its broad product line and cost management services.
Over the past five years, Medline has been the fastest-growing distributor of medical and surgical supplies in the U.S., serving as the primary distributor to over 450 major hospitals and healthcare systems. As a leading distributor, Medline offers a comprehensive array of consulting and management services encompassing the supply chain and logistics, utilization and standardization, business tools and enhanced reporting capabilities and on-staff clinicians.
Medline has a growing network of 50 manufacturing and distribution centers worldwide, as well as an expanding, dedicated transportation fleet with over 200 vehicles in a variety of sizes to fit customers’ specific delivery needs. The fleet is equipped with the latest navigation devices for enhanced order tracking and communication.
Notice: This press release contains forward-looking statements within the meaning of the federal security laws. Forward-looking statements are only predictions and not guarantees of performance. You should not place undue reliance on any forward-looking statements.
SOURCE: Amendia, Inc.
