Contrast injector firm Medrad reported that it will build a new corporate center in the Tech 21 Research Park in Marshall Township, PA.
The Indianola, PA-based developer purchased a 17-acre site and will construct a 125,000-sq-ft facility that will initially house 260 employees, and reach full capacity of 350 employees by year 2011. Facility construction is targeted for completion in early 2007.
The Indianola facility will continue to house the company's CT, cardiovascular, and MR strategic business units, which are expected to expand by 300 jobs into the space left by corporate functions that relocate to the new facility.
By AuntMinnie.com staff writers
November 18, 2005
Related Reading
Road to RSNA, Medrad, November 10, 2005
Road to RSNA, Medrad, November 4, 2005
Medrad scores new Medbuy contract, October 3, 2005
Medrad offers neuro coil for GE MR, July 5, 2005
Medrad scores HPG deal, June 8, 2005
Copyright © 2005 AuntMinnie.com
