Catheter Research, Inc. (dba Thomas Medical, Inc.) Honored as One of the 2012 Indiana Companies to Watch
(Indianapolis) – Catheter Research, Inc. has been recognized as one of the 2012 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corporation, its Small Business Development Center and the Edward Lowe Foundation.
Twenty-five companies from Indiana will be honored as outstanding second-stage companies during the fifth annual Indiana Companies to Watch awards program, held on August 23 in Indianapolis.
Companies to Watch is an awards program that celebrates Indiana’s privately held second-stage companies, typically those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.
Companies honored range in industries and have headquarters based in 13 counties throughout the state. Among the 25 honored companies in 2012 is Catheter Research, Inc.
About Catheter Research, Inc.
Located in Indianapolis, Indiana, Catheter Research, Inc. (CRI) is a market leader in medical device manufacturing, contract development, and product life cycle management. CRI specializes in catheter design /assembly, medical tubing /extrusion, and OBGYN Disposables. CRI provides excellence in project management, lean manufacturing techniques, supply chain controls, and regulatory compliance. CRI’s quality system has been designed to tailor processes to meet the diverse requirements of customers, in an ever changing regulatory and economic environment. CRI is an ISO 13485 certified manufacturer and FDA Registered.
CRI is the parent company of Thomas Medical, a distributor of OBGYN Products and Surgical Instruments. CRI/Thomas Medical is 100% owned by a workforce of 120+ employees who participate in the employee stock ownership plan (ESOP).
About Indiana Companies to Watch
Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.
This year the program attracted more than 160 nominees and applicants. From that pool, 63 finalists were selected, and 25 companies emerged to become the 2012 class of Indiana Companies to Watch.
This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana’s economy is tangible. During 2007-2009 Indiana’s resident companies averaged more than 32,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed an average of more than 773,000 workers during the period of 2007-2009.
Looking at the contributions of these companies from a different perspective, from 2007-2009 only 9.2 percent of Indiana’s resident establishments were in the second-stage category, however, they generated 37.2 percent of jobs in the state.
This program would not be possible without the generous support of Barnes & Thornburg LLP as well as Premier Capital Corporation, Katz, Sapper & Miller, KeyBank, Miles Printing and Purdue University. The program is also supported by Ivy Tech Corporate College and media sponsors BizVoice magazine, Inside Indiana Business and Northwest Indiana Business Quarterly.
About the program presenters:
The state of Indiana’s lead economic development agency, the Indiana Economic Development Corporation oversees Indiana’s statewide business attraction and development efforts, coordinates state programs, and incentives for companies looking to grow in Indiana, and provides assistance and funding to Indiana entrepreneurs and high-tech start-ups.
The Indiana Small Business Development Center Network offers free and low-cost strategic assistance for growth oriented entrepreneurs and businesses with less than 500 employees. Funded in part by the federal and state government, the ISBDC is focused on growing the economy through small businesses.
The Edward Lowe Foundation inspired the creation of the Companies to Watch program to celebrate second-stage entrepreneurs and their companies. Established in 1985, the Edward Lowe Foundation is a Michigan-based nonprofit organization that supports entrepreneurship through recognition, education and research with a focus on second-stage companies—those that have moved beyond the startup phase and seek significant, steady growth. The foundation also encourages economic gardening, an entrepreneur-centered strategy providing balance to the traditional approach of business recruitment.
