A new Geelong facility will bring sustainable remanufacturing to the country’s healthcare system, thanks to state government support.
The manufacturing and research and development (R&D) facility was opened on June 14 for medical device remanufacturer Medsalv at Deakin University’s Waurn Ponds Campus.
Minister for Economic Growth Tim Pallas said the facility was an extension of Deakin University’s ManuFutures and supported with $10 million from the state government.
“This will deliver significant returns by bolstering our medical supply chains, providing jobs to those that need it most and will keep medical products out of landfill,” he said.
“Medsalv’s decision to establish their remanufacturing and R&D facility in Victoria demonstrates our standing as a leader in advanced manufacturing and healthcare innovation.”
The facility would help remanufacture single-use medical devices from Australian hospitals for safe use, involving sorting, cleaning, testing, inspecting, packaging and relabelling.
Medsalv founder and chief executive Oliver Hunt said the new facility enabled businesses to access product engineering services, incubator programs and training spaces.
“This new facility in Geelong, our first in Australia, represents an exciting step in our drive to change healthcare for good,” he said.
“Delivering our sector leading financial, environmental, and social sustainability benefits to more hospitals, through our next generation business model.”
The state government said it would continue to work with the private sector with the Economic Growth Statement, focussing on growing wages and household incomes, due later this year.
