Canadian Med Tech Co. Will Move HQ to MN, Hire 70
Winnipeg-based medical technology company Imris, Inc., plans to move its headquarters to Minnetonka; the company will relocate roughly 60 of its current employees and hire local residents for about 70 positions.
The company plans to complete its move by the third quarter of 2013, Imris’ CEO David Graves recently said during the company’s third-quarter earnings call.
Imris makes magnetic resonance imaging (MRI) machines and systems that doctors can use during surgeries. The move will provide the company with “access [to] a large pool of talented personnel, a qualified ecosystem of partners, and suppliers who understand costs, quality, and the regulatory needs of the medical device market,” Graves said during the conference call. “We’ll be right in the middle of our largest customer market.”
Imris spokesman Brad Woods told Twin Cities Business that the company will shutter its current home office, where about 130 people work in research, customer service, manufacturing, and administrative positions. The company has asked roughly 60 of those employees to relocate and plans to hire local residents to fill the remainder of the positions.
The company already operates an office in Chanhassen, where it has 15 employees working in marketing, sales, and regulatory affairs.
Imris’ customers include Abbott Northwestern Hospital in Minneapolis and United Hospital in St. Paul, according to a Star Tribune report. The company’s revenue totaled $51.8 million in 2011, and it expects to have about $55 million in sales this year.
Founded in 2005, the company’s stock is traded on the Toronto Stock Exchange and on Nasdaq.