The Business that has become Teter Orthotics & Prosthetics, Inc has been in continuous operation since 1955. The original facility was founded by John Kemmler in 1955 at a time when orthotic and prosthetic services were not readily available to the area, and was operated as a proprietorship. The business was purchased in 1969 by Siegfried Jesswein C.P.O., and a corporation was formed under the name of Jesswein Orthotics and Prosthetics, Inc. Jesswein Orthotics and Prosthetics, Inc. continued its operation until February of 1975, at which time Edward L. Teter C.P. purchased the corporation, initially changing the name to Teter and Jesswein, Inc..
Later in 1976 the name was again changed to the current name of Teter Orthotics and Prosthetics, Inc. Edward and his young son, Michael Lawton Teter, realized that Northern Michigan as a whole lacked any type of Orthotic & Prosthetic care. Patients were forced to travel great distances through northern Michigan weather in order to obtain O & P care.
|In order to provide a much needed service throughout Northern Michigan communities, Edward Teter expanded his operation to help underserved communities. In 1976, Teter Orthotics & Prosthetics, Inc. opened a satellite office in Petoskey, Michigan and in 1986 a second satellite office was opened in Gaylord, Michigan.
In 1991, the corporation was purchased by Michael L. Teter. Michael operated as president and primary shareholder until January 2011. Michael Teter was contacted by various physicians and community leaders requesting he add service to the many Northern Michigan communities that were underserved for Prosthetic and Orthotic care. Mike realized many of the patients that needed care were elderly and had great difficulties getting transportation to and from appointments, especially during the winter months. When ever possible, Mike and his caring staff set up community outreach clinics throughout Northern Michigan. As demand increased other offices were opened in Northern Michigan and many of the mobile community outreach clinics became permanent fixtures in the local communities. The expansion of Teter Orthotics and Prosthetics, Inc. was driven by need and Mike’s desire to help people get the care they deserve without having to drive great distances. Teter Orthotics and Prosthetics, Inc. provided much needed care when no other companies were willing to provide care in small communities like Cadillac, Grayling, Manistee, Alpena, Big Rapids, Muskegon and Ludington. To this day, the corporation maintains its dedication to the development and delivery of quality orthotic and prosthetic services throughout Northern Michigan.
As Teter Orthotics and Prosthetics, Inc. grew into what it is today, Mike realized his dedicated employees were the backbone to his company. As time wore on, Mike was approached by numerous conglomerate organizations to sell Teter Orthotics and Prosthetics, Inc. The offers continuously rolled in and Mike carefully considered this approach. After careful consideration, Mike realized the closeness of his employees would not endure if he sold his corporation to the highest bidder. Instead, Mike took a different approach, wanting to preserve the family quality his employees grew accustomed to. Through Mike’s generosity, in 2001, 30% of Teter OP was sold to the employees through an Employee Stock Ownership Plan (ESOP). Mike figured this was the best way to ensure his business would continue to thrive and maintain its Northern Michigan heritage and most importantly, provide for his loyal employees.
Today, Todd Stone is the current CEO of Teter Orthotics and Prosthetics, Inc. and continues to uphold Mike’s wishes to preserve the family quality to the Teter employees.
Thursday January 6th, 2011 – Mike Teter CPO and beloved CEO of Teter Orthotics & Prosthetics, Inc. passed away. For Teter Orthotics and Prosthetics, Inc. employees and those that knew Mike, January 6th, 2011 will forever be a day of sadness. He will be forever missed and never forgotten. Mike’s legacy will continue on through the passion and dedication that he instilled in his loyal employees.
Mike had a magnetic personality and a contagious laugh, but his best character attribute was his huge heart and his empathy for others. From his numerous friends, relatives and employees to his patients, Mike always strived to make ever person’s life that he came in contact with, better.
“During subsequent interviews of Teter employees after Mike’s death, I am shocked at the stories being told about Mike’s intervention into the lives of his employees. I personally witnessed 20 separate employees tell stories about how Mike Teter personally helped each one of them through a difficult period in their lives. Death, divorce or a financial crisis, Mike provided solutions to all, whether it was time off, loans, advice or just listening. Each and every employee I witnessed had a close personal story in which Mike Teter touched their lives in deftly positive ways” ~ Todd Stone, current CEO.