Circle Medical Devices, Texcel Medical Merge to Form CIRTEC Medic... ( SPRINGFIELD Mass. Oct. 19 /- Circle M...)

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Circle Medical Devices, Texcel Medical Merge to Form CIRTEC Medical Systems

Date:10/19/2009

SPRINGFIELD, Mass., Oct. 19 /PRNewswire/ -- Circle Medical Devices of Los Gatos, Calif., and Texcel Medical of Springfield, Mass., have merged to create CIRTEC Medical Systems, a leading provider of comprehensive medical product design and manufacturing solutions.

"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," said Barry Smith, Chief Executive Officer of CIRTEC Medical Systems (www.cirtecmed.com).

"CIRTEC Medical Systems 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," Smith said.

Smith said the two firms have helped to create and accelerate the commercialization of more than 300 medical device technologies safely, rapidly, and cost-effectively. Clients range from start-up medical technology innovators to international medical device manufacturers.

CIRTEC Medical Systems operates from three locations across the U.S. -- Texcel's facility in Springfield, MA, and Circle Medical's locations in Minneapolis, MN, and Los Gatos, CA. Jerry Hansen is CIRTEC Medical Systems Executive Chairman and Founder; Larry Derose is Chairman and Founder; and Michael Forman is President and Chief Technology Officer (CTO).

The announcement follows news in August of Texcel Medical plans to expand its '/>"/>

SOURCE CIRTEC Medical Systems
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