Tribe buys share of medical products firm
Tribe invests in medical products firm
GRAND RONDE — The Confederated Tribes of Grand Ronde has purchased a minority stake in SAM Medical Products, a Wilsonville company in Clackamas County known for development and manufacture of innovative products used for emergency, hospital and military medical care.
Titu Asghar, the tribe’s director of economic development, said the investment stems from a continuing effort to diversify the tribe’s economic portfolio beyond gaming and timber harvesting.
SAM Medical Products was founded by Dr. Sam Scheinberg and his wife, Cherrie, in 1985.
Scheinberg, who served as a trauma surgeon in the Vietnam War, saw a need in his orthopedic practice on the Oregon Coast for splints that were strong and reliable, but also lightweight and reusable. Today, the SAM Splint is the most popular emergency splint in the world, favored by emergency crews, armed services personnel, outdoor enthusiasts and rescue teams.
The company’s product lines focus primarily on fracture management and wound care. In addition to the SAM Splint, it includes the SAM Pelvic Sling II, SAM Soft Shell Splint, Blist-o-Ban, BursaMed, SAM Chest Seal and SAM Casualty Card.
The company employs 30 people between its corporate office and manufacturing facility in Wilsonville. It markets devices in 60 nations around the world.
For more information, visit www.sammedical.com.