WILSONVILLE, Ore., Jan. 16, 2013 /PRNewswire-iReach/ -- SAM Medical Products, Wilsonville, Oregon, has sold a minority stake in the company to the Confederated Tribes of Grand Ronde. The cash investment will allow SAM Medical to accelerate new product development, and to expand their marketing and sales capabilities over the next five years.
SAM Medical Products President, Adrian Polliack, says of the opportunity "The Grand Ronde Tribal Council and Economic Development unit are very business savvy and the fact they are routinely presented with numerous opportunities to invest their monies, but make very few investments, is a huge testament to SAM Medical. They value our current business and the integrity and brand SAM Medical has in our industry, along with the quality of management and personnel we have on board."
Grand Ronde Tribal Director of Economic Development Titu Asghar said the investment in SAM Medical Products is part of the Tribe's continuing efforts to diversify its economic portfolio beyond gaming (Spirit Mountain Casino) and timber harvesting from its more than 10,000-acre Reservation southwest of Portland. Asghar added that this action continues the Tribe's practice of investing in Oregon and in its ceded lands. It also honors the Tribal philosophy of planning seven generations forward for its Tribal members.
About SAM Medical Products
SAM Medical Products is committed to bringing innovative solutions to market that meet the challenging needs of emergency medicine, the military, and hospitals around the world. The SAM Splint is the gold standard in flexible splinting products, and we take pride in creating quality products that raise the bar. Our product lines focus primarily on fracture management and wound care, and include the SAM Splint, SAM Pelvic Sling II, SAM Soft Shell Splint, Blist-o-Ban, the SAM Chest Seal, and the SAM Casualty Card. Headquartered in Wilsonville, OR, our products are distributed globally in over 60 countries. Find out more at www.sammedical.com.
About the Grand Ronde Tribe
The Confederated Tribes of Grand Ronde Community of Oregon includes more than 27 Tribes and Bands from western Oregon, southwestern Washington and northern California that were relocated to the Grand Ronde Reservation between 1855-1875. They are the Willamette Valley Treaty Tribe. For more information about the Tribe, visit www.grandronde.org.
SOURCE SAM Medical Products