A change in ownership for Orthoplastics
It gives us great pleasure to announce that as of January 2017, Orthoplastics (Medplast Group) has been acquired by Water Street Healthcare Partners and JLL Partners.
Both Water Street and JLL are highly respected investment firms with specialist expertise of the healthcare industry. Each business has many years of medical device experience and has committed significant resources to invest in the Company’s future.
Business as usual
While the new ownership will not affect the day to day running or operations of Orthoplastics, it will mean that we have the necessary finance, expertise and advice in place to guide us into the future and ensure that we continue to keep abreast of market demands, technology advances and legalities in the field of orthopaedic UHMWPE innovation.
It’s still the same Orthoplastics
Chris Turner, Quality Manager, said: “Nothing has changed in terms of what we do, or how we do it. It is very much business as usual for us.”
He goes on: “It’s important at this time, that we reassure all of our existing contacts and customers so that they understand there will be no changes to our management structure. Likewise, we will continue to supply the same products and quality services associated with our name, on which we have built our industry reputation and standing.”
So as 2017 starts it seems that, while the ownership of Orthoplastics has changed, its future success and growth in the orthopaedic UHMWPE industry, is even more secure.