Global provider of implants increased in third quarter.
RTI Biologics is planning to construct an additional building in the Progress Corporate Park in Alachua.
The company, which is a leading provider of implants used for orthopedic and dental surgery and other applications, will add to its existing 171,000 square feet of space encompassing three buildings and additonal leased space, says spokeswoman Jenny Highlander. The company plans to release details of the project early next year.
RTI employs 500 people in Alachua and another 200 at other locations around the globe, with the largest number in Germany.
Revenues for the third quarter of this year were $44.6 million, a 5 percent increase over the third quarter of 2011.
The company was founded in 1998, when the University of Florida Tissue Bank transferred to the firm UF’s technology used to prepare implants of human bones and tissue.
RTI was the first company to offer precision-tooled bone implants, and it invented sterilization techniques that inactivate viruses and bacteria from donor material, according to its website.
It has distributed more than 4 million implants.
The company merged with Tutogen Medical in 2008.