Medical Center On Track for Construction

An ambitious project to gather medical technology companies under one roof is getting some serious backing from big leaders in the industry. To be built in New York City, the $1 billion skyscraper will feature a year round trade show of medical technology, office space, and conferencing facilities. The developers of the World Product Centre (WPC) hope to bring together companies in medical technology field, so they can cooperate in product development and design.

Joining Cardinal Health as Charter Partners in WPC are Zimmer, Inc., a global orthopedic manufacturer and distributor in the U.S. and Encompass Group, LLC, a manufacturer and distributor of healthcare textiles, uniforms and architectural products addressing patient safety and satisfaction.

Also signing on are seven of the portfolio companies under the healthcare-focused private equity partnership Roundtable Healthcare Partners: ACI Medical, a biomedical engineering firm engaged in manufacturing and sales of therapeutic products and technologies for individuals with varying degrees of life-impairing vascular conditions; Bioniche Pharma, a leading developer and manufacturer of injectable pharmaceuticals; Aspen Surgical, a worldwide leader of specialty medical products; CorePharma, a manufacturer and marketer of generic pharmaceuticals; Avalign Technologies, a premier, full-service supplier of implants, instruments, and delivery systems; Excelsior Medical, a medical device company offering products that fulfill the needs of the healthcare practitioner; and Vesta, a contract manufacturer with innovative solutions in medical grade silicone molding and extrusion.