Interventional technology provider Medrad of Indianola, PA, reported 2003 revenues of $294 million, representing a 16% increase over its prior-year sales.
The company said that it also increased its headcount by 8%, adding 93 full-time permanent employees. The firm said it plans to add 100 positions in the 2004 fiscal year, with the majority of the jobs (60) at its Pittsburgh facility.
The developer also noted a 60% increase in the production capacity of its syringe assembly and packaging operations, as well as a 40% increase in revenues compared with fiscal 2002 for its multivendor service (MVS) business unit. The MVS group repairs both Medrad and non-Medrad MR coils and ultrasound probes, the company said.
By AuntMinnie.com staff writers
March 23, 2004
Related Reading
Medrad lands Baldrige award, March 16, 2004
Medrad debuts MR injector for mobile scanners, November 19, 2003
Medrad adds infusion modes, October 14, 2003
Medrad improves assembly-line output, September 5, 2003
JPC, Medrad ink supply deal, April 16, 2003
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