Expands Current Product Portfolio to Create New Hospital Devices Business Unit
ST. LOUIS, MO (February 26, 2014) – ulrich medical USA, Inc., today announced record revenue growth for the year ending December 31, 2013. The company recorded a 22 percent growth rate in 2013, in addition to its previously reported 13 percent revenue growth in 2012 and 20 percent growth in 2011.
“Delivering three consecutive years of profitable, double-digit growth is an outstanding accomplishment for any business in any industry,” said Christoph Ulrich, Managing Partner, ulrich medical®. “Our U.S. management team continues to deliver exceptional performance for our company year after year. The numbers speak for themselves.”
The record revenues and profitability capped a series of critical milestones achieved by the company in 2013. In addition to opening a new U.S. corporate headquarters in Chesterfield, Missouri, the company also expanded its workforce in 2013 by 42 percent in order to accommodate growth demands.
“In an industry with many uncertainties and continued price pressures, our consistent growth is a confirmation of our customer demand for excellent products,” said Hans Stover, President and Chief Executive Officer, ulrich medical USA. Stover also stated, “In 2014, we are celebrating 102 years in business as a private, family-owned and operated company that now has 14 FDA cleared spinal implant product lines available in the U.S. market, with additional products in the pipeline. We are well-positioned for continued expansion, and we are confident in our ability to capitalize on our premium, German-engineered implant technologies for the foreseeable future.”