Monteris Medical, a privately held company developing innovative laser-based MRI-guided neuroablation tools and solutions, opened a new facility in Plymouth, Minnesota.
Following a four-year period of rapid growth, Monteris recently moved from a 7,000 square foot space to a 16,000 sq. ft. space, a multifunctional facility that will include 7,000 sq. ft. of office and meeting space and 9,000 sq. ft. of manufacturing, assembly, warehouse and laboratory space.
In 2015, Monteris expanded its employee base by approximately 50% and the Company plans to further augment its staff by another 30% in 2016, company officials said. About half of all Monteris employees are based in Plymouth and a majority of the recent and planned new hires are in Minnesota as well.
"As part of an established and growing medical technology corridor with a highly skilled workforce, Plymouth is a perfect location to continue our next phase of growth and development," said John Schellhorn, President/CEO of Monteris Medical.
"We have been fortunate to expand rapidly over the previous four years and are excited to make our new home in a facility that will accommodate our expanding employee base and serve as our global operations center,” he added.
"We're delighted to see Monteris Medical succeed and expand in our community – especially at such an impressive pace," said Plymouth Mayor Kelli Slavik. "Forward-driven companies like Monteris Medical showcase the spirit of innovation in Plymouth, especially in our thriving med-tech sector. We're very proud to have them as part of our community."