Fueled by growing demand for its medical simulation technology, Simbionix is expanding the size of its corporate headquarters in Cleveland and moving into a new research and development facility in Israel.
Part of what’s driving the company’s growth is its medical education division, which announced two new hires in June. The education division develops curriculum and training materials that help doctors and other medical professionals learn how to use the company’s simulators. The company’s simulators teach users how to perform medical procedures in a wide variety of areas, including urology, cardiology and laparoscopy.
The company is adding 1,300 square feet of space to its Cleveland office, bringing the total square footage up to 4,300, according to Paul Jensen, general manager of medical education. Jensen wasn’t sure on the numbers in the Israel R&D facility but said it represents “a substantial increase in square footage.”
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Jensen declined to share employee numbers or quantify the dollar investment in the new facilities.
In June, Simbionix and the University of South Florida received a grant of an unspecified amount to develop a laparoscopic hysterectomy surgery simulator.