FOR IMMEDIATE RELEASE
November 18, 2010

Stacey Johnson
Stacey.Johnson@Governor.Virginia.Gov
(804) 225-4260


Christie Miller
VEDP
(804) 545-5805
Governor McDonnell Announces 75 New Jobs in Chesterfield County
-Merit Medical Systems to expand operations-


RICHMOND - Governor Bob McDonnell announced today that Merit Medical Systems, Inc., a leading manufacturer and marketer of proprietary disposable medical devices, will invest $1 million to expand its operations in Chesterfield County. The project will create 75 new jobs.

"Merit Medical Systems has become a nationally recognized name since its founding nearly 25 years ago," said Governor McDonnell. "The company has found success in Chesterfield County since 2004. Despite today's challenging economic times, Merit Medical continues to serve market demand, which allows the company to grow. I am pleased that this expansion will bring 75 new jobs that perform a vital service for the healthcare industry."

"As Merit Medical System's sole Virginia operation, Chesterfield County provides the company with great access to its east coast market," said Jim Cheng, Virginia Secretary of Commerce and Trade. "In addition to a strong local workforce, the company benefits from its strategic location."

Founded in 1987, Merit Medical Systems, Inc., is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and gastroenterology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 125 individuals. Merit employs approximately 2,170 people worldwide, with facilities in Salt Lake City and South Jordan, Utah; Angleton, Texas; Richmond, Virginia; Maastricht and Venlo, The Netherlands; Paris, France; Galway, Ireland; Beijing, China; Copenhagen, Denmark; and Rockland, Massachusetts.

"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 Fred P. Lampropoulos, Merit's Chairman and Chief Executive Officer. "Our business there is thriving even in these uncertain economic times."

The Virginia Economic Development Partnership worked with Chesterfield County and the Greater Richmond Partnership to secure the project for Virginia. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance (VDBA) will provide funding and services to support the company's recruitment and training activities.

"We are so pleased when one of our existing businesses expands", said Dan Gecker, Chairman of the Chesterfield County Board of Supervisors. "It demonstrates that they have found Chesterfield County to be a profitable business environment, and it certainly gives us a keen appreciation for their continued growth. We congratulate Merit Medical on their success and thank them for their investment and job creation."

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