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June 03, 2015 12:18 PM ET

Healthcare Equipment and Supplies

Company Overview of Dynasplint Systems, Inc.

Company Overview

Dynasplint Systems, Inc. provides dynamic splinting products that aids in restoring physical function to patients with joint stiffness and limited range of motion caused by injury, trauma, surgery, or diseases. The company offers Dynasplint System, a bilateral spring loaded tensioning device that helps to increase joint range of motion (ROM) for patients experiencing ROM deficits due to shortened connective tissues. It also provides sports, orthopedic, neurological, ankle and foot, jaw, carpal tunnel, pediatric, and external fixation systems for human beings; and equine rehabilitation devices for horses and veterinary joint rehabilitation devices for small animals. In addition, the company o...

770 Ritchie Highway

River Reach

Suite W21

Severna Park, MD 21146

United States

Founded in 1981

Phone:

410-544-9530

Fax:

800-380-3784

Key Executives for Dynasplint Systems, Inc.

Founder, Chief Executive Officer and President
Age: 63
Managing Director
Compensation as of Fiscal Year 2014.

Dynasplint Systems, Inc. Key Developments

Dynasplint Systems, Inc. Lays Off 500 Employees, Including about 250 in Maryland

Dynasplint Systems Inc. laid off 500 employees, including about 250 in Maryland, after its lender moved to foreclose on its property, including cash that was to have covered payroll. In a letter to laid-off employees obtained by The Baltimore Sun, company President George Hepburn wrote that a local bank put about $1 million that the company had deposited since August 1 toward a $9 million line of credit owed, instead of employee paychecks. The company had 661 employees before the layoffs. The company plans to recall most of the laid-off workers after repaying the company's debts, possibly by mid-November. The layoffs include 180 people from Severna Park, 60 from Stevensville and five-six Maryland salespeople.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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