While the the pharmaceutical industry is cutting jobs left and right, two medical device makers this week announced hiring plans. Utah-based Merit Medical Systems plans to hire 75 employees at its Virigna site and invest $1 million more in its business over the next 18 months. The company, founded in 1987, markets interventional and diagnostic procedures, particularly in cardiology, radiology and gastroenterology, according to DeviceSpace. "We are excited to expand our operations in Chesterfield County, where we have found highly-skilled employees and great access to the East Coast," said Merit CEO Fred Lampropoulos. "Our business there is thriving even in these uncertain economic times."
And in Indiana, medical device manufacturer L.H. Medical says it will add 65 jobs by 2013 and spend $5.4 million to drastically expand a manufacturing plant. L.H. specializes in custom medical device components for the orthopedic industry. "Increase in business from new accounts and new product launches have called for the need for additional space, equipment and employees," said CEO Bruce Emerick, in a statement. "Expanding in Allen County allows us to fulfill all of these requirements and gives us the opportunity to pursue continued growth."
- here's more on Merit DeviceSpace
- read this report on L.H.