Fort Wayne, IN (PRWEB) December 20, 2013
The Northeast Indiana Innovation Center (NIIC) announced today that Ram Healthcare Group LLC will be launching in its incubator facility in Fort Wayne, IN.
The RAM Healthcare Group LLC has developed a distribution and inventory management enterprise solution for the Orthopaedic Implant Industry. Using RAM-AE (Analytics Engine) developed by medical implant sales and distribution industry veterans, distribution expenses are dramatically reduced while providing inventory visibility throughout the supply chain. Currently, the orthopaedic implant industry spends over $1.5B annually in distribution and inventory management. The technology and distribution model developed by the RAM Healthcare Group can slash these costs by more than half.
“The RAM Group was established in St. Louis about 5 years ago,” said Nick Deeter, Company Chairman and CEO. “When I was asked to join the company, I first changed the name to RAM Healthcare Group, LLC and moved the business to Indiana. We wanted to affiliate with a community of like-minded, growth oriented, high tech, emerging growth companies. Since my last start-up venture, OrthoPediatrics, started at the NIIC and seven short years later has become a huge success. I thought it would be best to use the same business formula and venue with RAM.”
The RAM Healthcare Group management team will be raising $6,000,000 via a Private Placement Memorandum to a select group of private investors. The forecasted revenue in the fifth year of operation is over $112M.
“Ram Healthcare Group is a great client for us to help grow and accelerate,” said Mike Fritsch, NIIC Entrepreneur-In-Residence. “They have a great product that satisfies a big need with a seasoned entrepreneurial management team to help them get there.”
"We are excited to welcome Nick back with his new team and to assist in the incubation and acceleration of their health care enterprise. We are seeing exciting new opportunities emerge in the health care services space," stated Karl R. LaPan, President and CEO, Northeast Indiana Innovation Center.
Northeast Indiana Innovation Center (NIIC) - NIIC is a non-profit, community-based business incubator and accelerator that catalyzes the growth and development of technology-based companies in Northeast Indiana, thereby diversifying and growing the region's economy and enhancing our community's vitality.
For more information about the NIIC, contact the NIIC Entrepreneur-In-Residence, Mike Fritsch at 260-407-1754 or mfritsch(at)niic(dot)net or go to http://www.niic.net. Nick Deeter (Ram Healthcare Group) can be reached at 574-527-5320 or ndeeter(at)ramgrp(dot)com. e Group, In