Los Gatos, CA-based Circle Medical Devices and Springfield, MA-based Texcel Medical have merged to create CIRTEC Medical Systems, a provider of comprehensive medical product design and manufacturing solutions.
CIRTEC Medical Systems operates from three locations across the U.S.: Texcel’s facility in Springfield, MA, amd Circle Medical’s locations in Minneapolis, MN, and Los Gatos, CA.
Commenting on the deal, Barry Smith, Chief Executive Officer of CIRTEC Medical Systems, said: “The merger introduces CIRTEC Medical Systems to medical device manufacturers as a preeminent, globally-experienced, single-sourced solution from concept through high-volume finished goods manufacturing”.
According to Smith, the new company combines the strength of Circle Medical’s extensive design and development capability with Texcel Medical’s exceptional development and manufacturing.
“This strategic union creates a strong, technically-driven, 130-person full-service medical device engineering and manufacturing industry resource that is deeply-experienced across all therapeutic categories. Moreover, our team has particular expertise in minimally invasive systems, active and passive implants, and medical electronics”, he added.
FinSMEs
20/10/2009