Medical business expands in Memphis
Wright Medical Group Inc. recently announced it will expand its Memphis facility and relocate its headquarters there as well, creating 35 new jobs in the area.
Representing a $920,000 investment, the expansion will add more than 52,000 square feet of office and warehouse space.
Wright is a global orthopaedic company that provides solutions for clinicians to alleviate pain and restore their patients’ lifestyles.
The company is the recognized leader of surgical solutions for the foot and ankle market, and markets its products in over 60 countries worldwide.
News of the expansion comes on the heels of another announcement earlier this year. Wright announced at that time it had sold its hip and knee implant business to Shanghai-based MicroPort for $290 million.
Wright reports it is in the process of relocating its headquarters to Cherry Road in Memphis, representing another $10.6 million investment.