A quick PSA to my US friends in orthopedics (my opinion based on hundreds of conversations with people in orthopedics).
If you want to accelerate your career, DO NOT work for a foreign-owned orthopedic company.
However, if you simply need a job, it’s OK to work for a foreign-owned orthopedic company. Good people work in the US subsidiary office and the products are sound, but its just career limiting for you.
So what are the issues being employed by a foreign-owned orthopedic companies?
1/There is no equity and no incentives for your hard work. These companies will NEVER give you stock options or any equity consideration.
2/They generally “under-resource” the US office and US market. Their primary purpose is to sell “US designed and manufactured products” back into their home country. Flip it around and think about how Zimmer Biomet would treat a foreign division in say…. Peru.
3/This is a bit cold, but they really don’t care about you. They care about the people back home at the corporate headquarters. When times get hard, they will eliminate staff in the US. US employees are expendable.
Examples of foreign-owned orthopedic companies?
Waldemar Link (German)
United Orthopedics Corp (Taiwanese)
Ortho Development (Japanese)
GS Medical (Korean)
B-One Ortho (Chinese) …and many more.
To reiterate, if you join one of these companies… go in with your eyes open.