Compelo Medical Devices is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Contech Medical Receives Financing From Washington Trust

Washington Trust’s Commercial & Industrial Lending Group has provided financing to Contech Medical, a global supplier of medical devices to some of the medical supply companies in the world including Bard, Johnson & Johnson and Boston Scientific.

Contech Medical said that the financing will be used for upgrades and renovations to company’s 100,000 square-foot headquarters located on Hartford Avenue in Providence, RI.

Joseph MarcAurele, chairman, president and CEO at Washington Trust, said: “We’re pleased to work with Contech Medical, a business that has earned global success by following the ‘old school principals’ of combining quality products with excellent customer service.”

Raymond Byrnes, president and CEO of Contech, said: “Washington Trust has been a great financial partner, providing the financing we needed to upgrade our facilities so that we can maintain our high production standards.”

Contech Medical is a contract manufacturer of medical device dispenser coils. Among the items it fabricates and manufactures are spiral-wound and clipped guidewire/catheter/stent dispensers used in conjunction with heart catheterizations and angioplasty.