The company will host a ground-breaking ceremony on Aug. 16.
The Indiana Economic Development Corporation (IEDC) is a supporter of this initiative, adding “Indiana is known as one of the leading hubs for orthopedics, and we are excited to see this trend not only continue but strengthen with the commitment of companies like OrthoPediatrics,” said Elaine Bedel, IEDC President. “Our industry leaders are innovating new products and developing 21st century solutions for people in need across the world, while serving Hoosiers and their families here at home by providing good, skilled jobs. We are glad that OrthoPediatrics is choosing to expand here in Indiana, and we can’t wait to see what’s next for this growing team.”
OrthoPediatrics CEO Mark Throdahl commented, “For the last 10 years, OrthoPediatrics has grown revenue 20 percent or more every year, and we reported 28 percent revenue growth last quarter. Since our IPO in October 2017, we have been aggressively investing in growth initiatives, including hiring additional associates, tripling the deployment of consigned implant/instrument sets, increasing our investment in R&D, and expanding our clinical education programs. With all the opportunities we are pursuing, we have simply outgrown our current building. The physical expansion of our headquarters reflects OrthoPediatrics’ growth and commitment to our surgeons and their patients so we can continue strengthening our leadership in pediatric orthopedics.”
Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on providing a product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics currently markets 25 surgical systems that serve three of the largest categories within the pediatric orthopedic market. This offering spans trauma and deformity, scoliosis, and sports medicine/other procedures. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and 38 countries outside the United States.