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Alphatec (Nasdaq: ATEC) announced today that it will lease a 75,000 ft2 facility in Memphis, Tenn. to house its primary distribution operations.
The spine surgery tech company plans to open the new distribution facility in July and aggressively ramp up operations in the Home of the Blues in coming years. ATEC’s Carlsbad, Calif. headquarters will continue to serve as the development and shipment of Alpha release products.
“Revolutionizing the approach to spine surgery also requires that we evolve the standard by which we serve our customers,” Alphatec Holdings CEO Pat Miles said in a news release.
“We must remain predictable and efficient as we rapidly grow,” Miles said. “This new distribution facility will not only enable us to better support surgeries with earlier deliveries and later shipping cutoffs, its central location will position us to more adeptly meet the expanding demand for ATEC solutions nationwide. We have already begun to assemble Memphis leadership with extensive know-how and deep spine experience and look forward to rapidly building a highly engaged, talented local team.”
Bob Rolfe, the Tennessee Department of Economic and Community Development commissioner, said the state is proud to welcome another California-based company to Tennessee.
“The medical device and healthcare industry is booming in Tennessee, and since last year we have had more than 2,000 new jobs committed to this sector. ATEC is in good company with its decision to locate operations in Memphis,” Rolfe said.
