Bioventus Signs Lease for New Memphis Facility
DURHAM, N.C. – Bioventus LLC, a leader in active orthopaedic healing, announced today the signing of a lease agreement for new office and manufacturing space off Goodlett Farms Parkway in Memphis, Tenn. at 1900 Charles Bryan Road. The company expects to move its Memphis-based employees into the 40,000-square-foot space in February 2013 following the build out of the new facility.
The company, formed in May as a strategic venture between Essex Woodlands and Smith & Nephew, occupies space at Smith & Nephew’s Brooks Road and Holmes Road locations. The move enables Bioventus to consolidate its Memphis functions, including operations, manufacturing, quality and human resources.
“Combining our functions in a single location not only provides facility cost benefits, but also increases our efficiency in terms of staff management and communications,” said Anthony James, VP of Operations and Quality for Bioventus. “The site is also strategically located near major transportation hubs, enabling us to provide rapid and cost-effective service for our customers.”
Bioventus currently has about 500 U.S. employees including about 130 in Memphis.
Bioventus is a biologics company that delivers clinically proven, cost-effective products that help people heal quickly and safely. The company’s innovative products include market-leading devices, therapies and diagnostics that make it a global leader of active orthopaedic healing. Built on a commitment to high quality standards, evidence-based medicine, and strong ethical behavior, Bioventus is a trusted partner for physicians worldwide.
For more information, visit www.BioventusGlobal.com.