The Norman Transcript

State/Region

October 7, 2013

OKC manufacturer closing

OKLAHOMA CITY — An Oklahoma City biotech company that once aspired to become a leading prosthetics manufacturer is set to close its operation and move headquarters to Seattle.

The relocation of OrthoCare Innovations LLC will cost eight employees their jobs, according to The Oklahoman. CEO Doug McCormack said all of them are being offered job placement assistance and severance packages.

“Oklahoma City has been an exceptional partner in the growth of Orthocare Innovations and we give the community the highest recommendation to all of our colleagues in the bioscience sector,” McCormack said.

McCormack said the company was recently approached by a large manufacturer in the competitive industry.

“Therefore, we have entered into a significant strategic relationship with a leading company in the orthotic and prosthetic industry,” he said.

McCormack said details of the new manufacturing operation will be announced in 2014 but noted the partnership will provide the company with unmatched manufacturing capability and global distribution.

OrthoCare, meanwhile, is set to become a company focused on the research operations that are currently performed by its Seattle unit.

OrthoCare Innovations’ operation in Oklahoma City dates to when the company bought Martin Bionics in 2008. Martin Bionics at the time acted as a research and development arm for Oklahoma City-based Scott Sabolich Prosthetics and Research. McCormack was a longtime Sabolich patient.

In a 2008 column in The Oklahoman, McCormack called Oklahoma City a destination of choice for patients worldwide seeking state-of-the-art prosthetic care. Later that year, the Oklahoma City Redevelopment Authority and the Presbyterian Health Foundation negotiated a tax increment financing agreement intended to fund a “mobile incubator” that would accommodate predicted growth at OrthoCare’s Oklahoma City operation.

Mike Anderson, then president of the Presbyterian Health Foundation, said OrthoCare was expected to grow from 15 employees to 115 within the next two years. The growth never materialized, and OrthoCare paid back job incentives provided by the city.

OrthoCare also received a $1.6 million grant from the state Economic Development Generating Excellence endowment and made Oklahoma City its headquarters.

1
Text Only | Photo Reprints
State/Region
  • Smoke-out marks holiday

    DENVER — Tens of thousands of revelers raised joints, pipes and vaporizer devices to the sky Sunday at a central Denver park in a defiant toast to the April 20 pot holiday, a once-underground celebration that stepped into the mainstream in ...

    April 21, 2014

  • Survivors observe 19th anniversary

    OKLAHOMA CITY — Survivors, rescue workers and the family members of victims of the Oklahoma City bombing have observed the 19th anniversary of the terrorist attack....

    April 20, 2014

  • State budget talks center on cuts

    OKLAHOMA CITY — With six weeks left in the 2014 session, behind-the-scenes negotiations among the House, Senate and governor’s office are ramping up on how to plug a $188 million hole in the budget and fund programs for education, public ...

    April 20, 2014

  • Dental groups oppose measure

    TULSA — Some Oklahoma dental groups are opposing a bill in the state Legislature, proposed as a reaction to the case of an oral surgeon accused of maintaining filthy office conditions, that deals with training requirements for oral surgery ...

    April 20, 2014

  • Dental groups oppose legislation

    TULSA — Some Oklahoma dental groups are opposing a bill in the state Legislature dealing with training requirements for oral surgery dental assistants....

    April 20, 2014

  • Pork producer subsidiary plans to use compressed gas

    GUYMON — A subsidiary of Oklahoma pork producer Seaboard Foods has begun using trucks fueled by compressed natural gas to deliver biodiesel....

    April 20, 2014

  • Oklahoma City Memorial Bombing museum gets tech boost

    OKLAHOMA CITY — A memorial and museum built to remember the worst act of domestic terrorism on American soil is in the midst of a $7 million upgrade so it can better portray how different the world was when Timothy McVeigh blew up the ...

    April 19, 2014 1 Photo

  • U.S. puts off pipeline decision

    WASHINGTON — The Obama administration is putting off its decision on the Keystone XL oil pipeline, likely until after the November elections, by extending its review of the controversial project indefinitely....

    April 19, 2014

  • Sonic plans expansion

    OKLAHOMA CITY — Oklahoma-based Sonic Corp. plans to open 1,000 new drive-in restaurants nationwide over the next 10 years, expanding the chain by about 30 percent, the company said....

    April 19, 2014

  • Fallin disappointed SBAdenied loans

    OKLAHOMA CITY — Gov. Mary Fallin said Thursday she is disappointed that a federal agency denied a request for loans to businesses in two Oklahoma towns affected by an emergency bridge closure....

    April 18, 2014