Bio-medical firm expands

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<B>By KAREN SUCHARSKI</B> <I><FONT SIZE=-1>Staff Reporter</FONT></I>

A Monument manufacturer recently completed a $1.4 million, 27,000-square-foot,expansion and has more than doubled its local workforce in the last six years.

The privately held Synthes U.S.A. makes orthopedic, maxiofacial, and spinalsurgical implants and instruments used in the healing of fractures in twomanufacturing facilities, one in Monument and one in Exton, Penn. The 22-year-oldcompany is headquartered in Paoli, Penn.

The Monument plant opened in 1979 with 50 employees and now has approximately400 employees. Synthes is advertising in the area for machine operators,designers, engineers, and technicians. The Pennsylvania operations employclose to 400 people.

Company officials would not comment on current revenues. But a company profilelists sales for fiscal year 1994 at $27 million.

Synthes’ local facilities encompass more than 62,000 square feet of officeand warehouse space on 10 acres.

Synthes is an important part of the growing bio-med industry in Colorado,which accounts for 10% of the state’s manufacturing base. There are morethan 350 bio-medical companies in the state with nearly 24,000 employeesand annual sales totaling $4 billion, according to a 1994 University of Coloradostudy. Colorado ranks 10th in the nation for medical device companies andapproximately 15th for biotechnology companies.

Local bio-med companies include MedLogic Global Corporation, which makesSuperSkin&reg;, a protective skin coating that prevents friction and pressuresores for amputees and non-ambulatory patients; Sturman Industries, whichmanufactures digital valves for various industries including bio-medical;and Spectranetics, maker of the CVX-300 ExcimerTM laser, which has gainedwider acceptance for coronary angioplasty and other uses in treating coronarycomplications.