Medsalv, a New Zealand-based medical device remanufacturer, is bringing its sustainable remanufacturing capabilities to Australia with a new site in Victoria.
Minister for Economic Growth Tim Pallas announced today that Medsalv is finalising its site selection for its new manufacturing and research and development facility, which is expected to create dozens of local jobs in the state.
With products such as patient transfer mattresses, deep vein thrombosis prevention sleeves, blood pressure cuffs, and tourniquets, Medsalv seeks to cater to the growing demand for eco-friendly healthcare solutions in Australia to reduce reliance on overseas products.
“Attracting Medsalv to set up operations in Victoria is a win for our health system, jobs and sustainability,” said Minister for Economic Growth Tim Pallas.
“This new facility will contribute to a more resilient supply chain, bolster our advanced manufacturing capabilities and secure more opportunities for workers now and in the future.”
The new Victorian headquarters will enable Medsalv to collect single-use medical devices from Australian hospitals, remanufacturing them for safe use and preventing them from going into landfills.
The company’s presence in Victoria is anticipated to create around 50 jobs over five years, including opportunities for disadvantaged groups.
“Medsalv is here to make doing good easy for busy people in hospitals, and we’re thrilled to do this locally for Australia, starting with this key facility in Victoria,” said Medsalv founder and CEO Oliver Hunt.
The new facility will also host collaborations with Victorian research institutions and universities, leveraging the state’s strong R&D ecosystem and boosting its standing as a medtech manufacturing and innovation leader.
Moreover, Medsalv’s advanced manufacturing presence in Victoria will allow the state to reap the benefits of exports to potential markets in Fiji, Singapore, Brazil, the United Kingdom, and other parts of Europe.