Versailles Medical Device Manufacturer Announces Expansion

By Mike Perleberg The NSS-2 Bridge device created by Versailles-based Innovative Health Solutions. Photo provided by Innovative Health Solutions. (Versailles, Ind.) - A local medical device company is announcing an expansion. Versailles-based Innovative Health Solutions will invest a $500,000 to open a new, larger office in Carmel, Indiana. The expansion will create 32 new, high-wage jobs in Carmel by 2019. Innovative Health Solutions currently has seven employees in Versailles, where it will maintain its headquarters at 829 S. Adams Street. IHS’s was founded by Brian Carrico in 2011. He helped develop the innovating NSS-2 Bridge device. The small, revolutionary device, which is temporarily implanted behind a patient’s ear, can help reduce withdrawal symptoms for drug addicts going through detoxification. “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 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.” Eagle Country 99.3 wrote about the device last year. Research study results of the technology show an 84.6 percent reduction of withdrawal symptoms in as little as an hour. Indiana Governor Eric Holcomb welcomed the news of IHS’ expansion. "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,” 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.” IHS plans to begin hiring within the next 45 days for positions including executive, customer service and nursing roles. The jobs will pay an average wage that is more than 60 percent higher than the state average wage. 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. The incentives cannot be claimed until the company fulfills hiring goals. RELATED STORIES: Local Company’s Medical Device Could Be Breakthrough In Addiction Treatment