Saturday, June 16, 2012

The Curious Case of Johnny Ross' MedHab

San Angelo City Council approved a $3.6 million incentive package for MedHab Inc, a medical device maker.  In the presentation city leaders said MedHab would launch their product in Australia by June 2012.  Abilene's Reporter News wrote in January:

According to a city memo, its first product will hit the market in Australia in June, "with a launch in the U.S. as soon as they receive final FDA (Food and Drug Administration) approval."

Donna Osborne, San Angelo's economic development coordinator, said if it takes the deal, the company plans to start operations in San Angelo in March, creating 11 jobs in the first year and 23 the following year. At first, the company would be located in the city's "Business Incubator" facility in the Village Shopping Center on Beauregard Avenue.
The public never heard if MedHab "took the deal."  If not, where is MedHab producing product for Australia, assuming that launch goes on schedule?

The eerie silence on MedHab since early January is not inspiring.  What's MedHab launching, where and when?  San Angeloans have a right to know, if they have a potential $3.6 million nondebt, nonequity investment in the firm.

Update 6-19-12:  Newspaper reports show no sign of MedHab discussion at City Council.

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