For Immediate Release
October 11, 2011
Pearland Economic Development Corporation
Merit Medical Systems Building R&D and Manufacturing Facility in Pearland
PEARLAND, Texas — Leadership from the City of Pearland and the Pearland Economic Development Corporation are pleased to announce the successful recruitment of Utah-based Merit Medical Systems, Inc. (Nasdaq:MMSI). The global medical device company will build a new research and development and manufacturing facility in Pearland.
The new facility will be located on a 12-acre site at 14646 Kirby Drive, located generally southwest of the Beltway 8 and SH-288 intersection and just north of Shadow Creek Ranch. The two-story facility will be 118,000 square feet with space for a staff of approximately 220 employees.
“Merit is the second medical manufacturing facility to choose to locate in Pearland, following on the heels of Cardiovascular Systems, Inc.,” said Pearland Mayor Tom Reid. “It has been a long-standing goal of the City to cultivate a broad spectrum of medical related organizations in our community; Merit’s selection of Pearland is a testament to our efforts and willingness to work with businesses interested in investing in our city.”
Merit conducted a multi-state site search and selected Pearland for its new location. The City of Pearland and the PEDC worked to recruit Merit in partnership with the Greater Houston Partnership and Harris County.
“We wanted to be part of a community that was growing,” said Greg Fredde, vice president of government affairs for Merit Medical Systems, Inc. “This is a location that provides Merit employees easy access to the facility with minimal disruptions. Pearland’s investments, infrastructure and retail amenities will also be beneficial to employees.”
The facility will be situated in a business park owned by a BETZ Companies partnership, which retains an additional 23 acres of land on the same lot. The commercial real estate organization is looking for other medical-related businesses to fill the space. A BETZ Companies partnership coordinated the sale with Boyd Commercial, real estate representative for Merit Medical Systems, Inc. Merit will be located across the street from the new Cardiovascular Systems, Inc. facility.
Construction of the new facility is scheduled to begin mid-October. HKS, Inc. developed the facility’s architecture designs and the project’s general contractor is Jacobsen Construction.
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 endoscopy. Merit serves client hospitals worldwide.
Established in 1995, the Pearland Economic Development Corporation promotes, assists and enhances the economic development activities and quality of life within Pearland, Texas. In bringing new and existing businesses to the area, the organization attracts capital investment to add to the city’s tax base and helps to increase the number of employment opportunities for residents. For more information, visit www.pearlandedc.com
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 endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 130 individuals. Merit employs approximately 2,300 people worldwide with facilities in North America, The Netherlands, France, Ireland, China and Denmark.