MedPlast Inc. (Tempe, AZ) continues to add capabilities to its growing business as a provider of custom molded thermoplastics and elastomeric materials for the healthcare industry by taking an equity position in HS Design Inc., a full-service development and design team that specializes in medical and healthcare products, based in Gladstone, NJ. The alliance between the two companies combines MedPlast’s engineering and manufacturing expertise with the product development, engineering, and industrial design (ID) capabilities of HS Design.
Elkhorn medical molding
“Many of our customers have complex requirements and need a custom plastic, synthetic, rubber, or silicone molding manufacturer with integrated development and design capabilities,” says Harold Faig, MedPlast CEO. “Our investment in HS Design enables MedPlast to offer our customers a wide range of services and expertise that we would not have individually been able to provide.”
Medplast’s position as a minority shareholder will allow it to better serve its customers, giving medical device OEMs an integrated process and unified team that provides overall program management and early multidiscipline integration throughout all phases of the design and development process, according to MedPlast.
HS Design bills itself as a “user-driven product development” firm that partners with Fortune 100 firms to provide a full range of services that include research and strategy, industrial design, engineering, prototyping and validation, and implementation. The company has 12 employees and operates eight seats of SolidWorks and two seats of Pro/E. HS Design’s client list includes companies such as Bayer HealthCare, Ethicon, J&J Consumer Products, Stryker, 3M, and Lucent Technologies, and Becton, Dickinson & Co.
HS Design has won a number of awards, including one for its recent contributions that were recognized by the Cleveland Clinic for Top Medical Innovation for 2009, and another for its design of the NeuroStar TMS Therapy Systems for Neuronetics Inc. for the company’s noninvasive therapeutic device for the treatment of depression. —[email protected]