Healthcare >> CEO Interviews >> February 18, 2002
FRED P. LAMPROPOULOS is Founder, Chairman, President and CEO of Merit
Medical systems. He has been in the medical device business over 20
years. He is the co-inventor on more than 70 patents of devices used in
the diagnostic and therapeutic treatment of cardiovascular disease. In
June 1987, Mr. Lampropoulos formed Merit Medical Systems, Inc., whose
products specialize in the diagnosis and treatment of cardiovascular and
radiological diseases. Since 1987, Merit Medical has grown to just over
1,000 employees and expects to post revenues of approximately $100
million this year. The company has expanded from a small manufacturing
facility in Salt Lake to two separate local facilities totaling over
230,000 square feet. It also has developed separate manufacturing
facilities in Santa Clara, California, Angleton, Texas, and Galway,
Ireland, which enables Merit to provide quality subcomponents for its
products and better distribution to foreign accounts. The company has
achieved a world leadership position in most of the markets in which it
participates and is renowned for its product innovation, customer
service and product quality. Mr. Lampropoulos serves as a Director for
Potomic Photonics Corporation of Landham, Maryland, a manufacturer of
industrial and medical-grade lasers. Profile
Systems, Inc., and an overview of what you are doing at the present
time?
Mr. Lampropoulos: Merit Medical was started
