DURHAM, N.C.<\/strong> \u2013 Bioventus LLC, a leader in active orthopaedic healing, announced today the signing of a lease agreement for new office and manufacturing space off Goodlett Farms Parkway in Memphis, Tenn. at 1900 Charles Bryan Road. The company expects to move its Memphis-based employees into the 40,000-square-foot space in February 2013 following the build out of the new facility.<\/p>\n The company, formed in May as a strategic venture between Essex Woodlands and Smith & Nephew, occupies space at Smith & Nephew\u2019s Brooks Road and Holmes Road locations. The move enables Bioventus to consolidate its Memphis functions, including operations, manufacturing, quality and human resources.<\/p>\n \u201cCombining our functions in a single location not only provides facility cost benefits, but also increases our efficiency in terms of staff management and communications,\u201d said Anthony James, VP of Operations and Quality for Bioventus. \u201cThe site is also strategically located near major transportation hubs, enabling us to provide rapid and cost-effective service for our customers.\u201d<\/p>\n Bioventus currently has about 500 U.S. employees including about 130 in Memphis.<\/p>\n