BATESVILLE, Ind. — Indiana Gov. Mike Braun announced Tuesday that Med-Mizer plans to invest $9 million in its Batesville operations, creating up to 73 jobs as the medical device company expands production.

Braun says the company will upgrade its existing 40,000-square-foot facility at 80 Commerce Drive, purchasing new equipment and retrofitting the space to accommodate growth and a second shift.

The expansion will increase production of hospital beds and patient-handling equipment used in hospitals, rehabilitation centers, long-term care facilities and homes.

“Today is a great day for Med-Mizer and for the state as we celebrate the growth of an Indiana-based, Veteran-founded small business that is advancing medical solutions and supporting the country’s defense industry. Med-Mizer’s commitment to grow and create new, high-wage jobs here in Indiana is made possible by our pro-growth business climate and our skilled workforce,” said Braun.

The investment will also help Med-Mizer fulfill a recently awarded five-year contract with the U.S. Department of Veterans Affairs to provide hospital beds, support surfaces and accessories for veterans receiving care at home. The contract was awarded through the company’s partner, DiSorb Systems.

“Being entrusted to provide at-home hospital beds and support surfaces nationwide to Veterans is especially meaningful to us,” Med-Mizer CEO Brian Roth said.

The expansion is expected to more than double the company’s workforce. Med-Mizer has started hiring for manufacturing, engineering, technical support, quality, shipping and customer service positions.

The new jobs are expected to pay an average of 134% of the Ripley County average wage, according to the state.

Med-Mizer was founded in Batesville in 2003 and makes hospital beds and patient-handling equipment for health care providers and patients nationwide.