What Precision Medical Technologies does

Precision Medical Technologies, Inc. (dba PreMedTec) is a privately held, second-generation family-owned contract manufacturer specializing in orthopedic implants and surgical instrumentation. The company operates three facilities across northern Indiana — the Implant Division in Warsaw and two Instrument Division facilities in Rome City and North Manchester — and has maintained ISO 13485:2016 certification through SGS since 2003. Its core offering spans six orthopedic product categories (knee, hip, spine, shoulder, trauma and extremities, and minimally invasive surgery including robotic and navigated instrumentation) and six service modules covering design for manufacturability, prototype-to-high-volume production, materials expertise, end-to-end manufacturing, supply chain management, and sterile packaging in an ISO Class 7 cleanroom.

The underlying technology stack is conventional precision manufacturing — CNC machining, EDM, Swiss Turn machining, robotic and hand finishing, passivation, electropolish, and abrasive blast — paired with quality inspection via Brown and Sharp CMMs with PC DMIS, Keyence IM-Series vision inspection, optical comparators, and Thermo Scientific material analyzers. The company works in medical-grade metals (titanium alloys, stainless steel, cobalt chrome) and engineered plastics (PEEK, PC, PPO, TPU, TPE, PA, POM, PET, PBT). Its differentiator is vertical integration: a single OEM customer can move from design-for-manufacturability through prototyping, high-volume production, finishing, sterile packaging, and delivery with one vendor relationship, supported by a 24-hour quote response time.

The business model is B2B contract manufacturing sold through direct enterprise field sales to orthopedic OEM companies. Revenue is project-based, quote-driven, and tied to device complexity, material selection, volume, and processing requirements, with multi-year contract cadence. No external capital has been raised; the company is entirely family-controlled under President Ryan Thornburgh, who succeeded into the role in 2020 after 20+ years with the firm. Geographic operations are concentrated in northern Indiana with nationwide shipping but no international footprint.

Name

Precision Medical Technologies

Legal name

Precision Medical Technologies, Inc.

Website

https://premedtec.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Precision Medical Technologies is a privately held, family-owned contract manufacturer specializing in orthopedic implants and surgical instrumentation, serving orthopedic OEM customers across three ISO 13485-certified facilities in northern Indiana with end-to-end services from design through sterile packaging.

Ownership category

akta.pro rank

Product category

Orthopedic Contract Manufacturing

NAICS

Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro primary industry

Surgical Navigation, Robotics & Patient-Matched Instrumentation (Ortho/Spine) (HLAHAEAL)

akta.pro secondary industry

Open & Minimally Invasive Surgical Instruments (Handheld, Laparoscopic, MIS) (HLAHADAA)

Keywords

• Orthopedic contract manufacturing
• Medical device manufacturing
• CNC machining services
• Orthopedic implant fabrication
• Sterile packaging services

Headquarters

HQ city

Warsaw

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: B2B contract manufacturing of orthopedic devices, implants, and instrumentation for OEM customers. Revenue generated through project-based manufacturing fees with pricing based on complexity, materials, volume, and processing requirements. Services span design for manufacturability, prototyping, high-volume production, finishing, and sterile packaging.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Precision Medical Technologies is a second-generation, family-owned contract manufacturer specializing in orthopedic implants and surgical instrumentation. The company provides end-to-end B2B manufacturing services covering design for manufacturability, prototyping, precision CNC/EDM/Swiss turn machining, finishing, sterile packaging, and supply chain management for medical device OEMs. It operates three facilities in northern Indiana producing implants and instruments for knee, hip, spine, shoulder, trauma/extremities, and minimally invasive surgery applications.

Product overview

Precision Medical Technologies is a contract orthopedic device manufacturer offering end-to-end manufacturing capabilities across six core orthopedic product categories (Knee Solutions, Hip Components, Spine Products, Shoulder Products, Trauma and Extremities Products, and Minimally Invasive Surgery Solutions) and six service modules (Design for Manufacturability, Prototype to High Volume Manufacturing, Materials Expertise, End-to-End Manufacturing, Supply Chain Services, and Sterile Packaging). The company operates as a unified platform where the service modules support all product categories across three Indiana facilities, enabling vertical integration from initial design through final sterile packaging and delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• Knee Solutions

Quantifiable outcome

• 24-hour response time to quotes
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Avalign Technologies: Orthopedic contract manufacturer focused on implants, instruments, and single-use surgical devices for OEMs—directly comparable product offerings, verticals, and B2B contract manufacturing model.
• Autocam Medical: Precision medical device and orthopedic implant contract manufacturer using advanced CNC machining—closely comparable in core capabilities (CNC, tight tolerances, Class 7 cleanroom) and orthopedic OEM customer focus.
• In'Tech Medical: Contract manufacturer of surgical instruments, implants, and single-use devices for orthopedic and trauma OEMs—highly comparable service portfolio spanning machining to sterile packaging.
• Orchid Orthopedic Solutions: Independent orthopedic implant and instrument contract manufacturer serving OEMs across knee, hip, spine, trauma, and extremities—directly comparable to PMT's product mix and customer base, with a similar end-to-end service model.
• ARCH Medical Solutions: Orthopedic and medical device contract manufacturer offering CNC machining, finishing, and assembly across implants and instruments—similar end-to-end orthopedic CM scope and OEM customer model.
• LISI Medical: Dedicated medical device division of LISI Group providing orthopedic implants, instruments, and complete manufacturing services—directly comparable offerings, though with broader European footprint.
• Cretex Companies (Cretex Medical): Family-owned Midwest precision medical device manufacturer with orthopedic implant and instrument capabilities—directly comparable family-owned structure, geographic proximity, and orthopedic focus.
• Norman Noble: Contract manufacturer specializing in precision CNC machining and laser processing for medical devices and implants—closely comparable in advanced machining capabilities and orthopedic OEM customer base.

Broad incumbents

• Integer Holdings (Viant / Symmetry Medical): Large public medical device contract manufacturing platform that owns Viant Medical and the former Symmetry Medical—operates in the same orthopedic CM space but at materially greater scale and broader category scope.
• Paragon Medical (Integra LifeSciences): Precision orthopedic implant and instrument manufacturer now part of Integra LifeSciences—directly comparable product set; competes in the same CM space but operates under a much larger parent organization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/precision-medical-technologies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Medical Technologies