Iconacy Orthopedic Implants LLC today announced plans to create up to 50 new jobs by 2015 following its $2.63 million investment to set up a manufacturing operation in Warsaw.
The orthopedic manufacturer leased, renovated and equipped a 50,000-square-foot factory at 4130 Corridor Drive. The facility, which makes hip replacement products and surgical instruments, opened last month.
Iconacy now employs 14 and plans to begin additional hiring next year. Positions will include production, engineering, finance, marketing and administration.
The company was founded in 2009 by Tom Allen, who is now president and CEO; Dr. Roy Hori; Dr. W. Andrew Hodge; and Ann Harman. The company’s I-Hip total hip replacement system was created as a lower-cost, U.S.-manufactured option to similar products on the market.
“As the health care landscape changes over the next three or more years, we are poised to be the nimble player in a market driven by diminishing reimbursement and complex distribution models,” Allen said in a statement.
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