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Area Development - Site Selection, Facility Planning and Workforce Development

Innovative Health Solutions Expands Carmel, Indiana, Operations

11/21/2017
Innovative Health Solutions, Inc., a developer of non-narcotic, non-surgical pain treatments and devices, will expand its operations in Carmel, Indiana. The company plans to create up to 32 new, high-wage jobs by 2019.

The Versailles, Indiana-based company will invest nearly $500,000 to grow its operations in central Indiana. Currently functioning at near-capacity between its offices at 829 S. Adams St. in Versailles and at 11550 N. Meridian St. in Carmel, the company plans to maintain its Versailles headquarters and expand into a larger office in central Indiana early next year.

The Indiana Economic Development Corporation offered IHS up to $275,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.

The U.S. Food and Drug Administration (FDA) last week gave IHS clearance for a neurological device with an indication to aid in the reduction of opioid withdrawal symptoms. The NSS-2 BRIDGE device, pioneered by Indiana-based medical technology firm Innovative Health Solutions, Inc., is placed behind the ear with micro-needle arrays that percutaneously implant in and around the ear. Research study results of the technology show an 84.6 percent reduction of withdrawal symptoms in as little as 60 minutes. The NSS-2 BRIDGE device is a patented technology and is Rx (prescription) only.

“Our vision is for every person in withdrawal, preparing for withdrawal, or suffering from post-acute withdrawal symptoms (PAWS), to have access to this technology,” said Brian Carrico, President of IHS. “Significantly reducing withdrawal symptoms lessens the dependency on opioids, allows for easier transition to Medically Assisted Treatment (MAT) and ultimately works as another tool to combat the opioid epidemic facing our country.”

"As Indiana continues its comprehensive and coordinated effort to attack the opioid epidemic, we’re fortunate to have companies like Innovative Health Solutions growing right here in our own back yard,” Governor Eric J. Holcomb said. “We’re glad the FDA has approved IHS’s innovative technology to provide much-needed relief and assistance for those fighting to overcome opioid addiction.”

“This is good news for Innovative Health Solutions and for our Meridian Corporate Corridor, which continues to be a magnet for new jobs in Carmel. This is why we spend so much time and money investing in our quality of life initiatives,” said Carmel Mayor Jim Brainard. “We know that this helps give Carmel an edge when it comes to attracting new private investments such as this expansion. We look forward to watching them grow and succeed.”

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