Medacta plans to move its U.S. headquarters from Chicago to Tennessee, according to a Fox 17 Nashville report.
Four key notes:
1. Medacta, an orthopedic device company, will invest $2.5 million to relocate its U.S. headquarters to Franklin, Tenn. The company expects to generate 50 jobs at the new location over five years.
2. The Switzerland-based company will also launch a research and development lab in Tennessee, aiming to be near other healthcare companies.
3. Surgeons have performed more than 60,000 knee procedures using the Medacta MyKnee and 330,000 hip surgeries using the AMIS system.
4. Medacta celebrated its 20-year anniversary this year and has turned its focus to personalized medicine.