Modular Devices Acquisition LLC is planning to create more than 50 jobs in Indianapolis by the end of 2026. The company, which currently employs 27 people, says the new positions will allow it to keep up with demand for its mobile and modular medical imaging labs and cleanroom services.
The Indiana Economic Development Corp. is planning to invest up to $475,000 in incentive-based tax credits, and up to $50,000 in conditional training grants, to support the company’s growth plans.
“Modular Devices is committed to keeping Indiana as the hub of its growth strategy,” said Chief Financial Officer Sarah Robison. “We greatly appreciate the support we’ve received from city and state leaders, and especially from the IEDC. We are excited to be able to grow our company here in Indianapolis, grow the biotechnology industry in Indiana and to offer high-tech jobs to Indiana residents and graduates of Indiana colleges and universities.”
The company says its two primary business units are experiencing significant growth: the imaging division, which offers short- and long-term interim rentals of temporary modular and mobile cath\ vascular labs, CT labs, PET/CT labs and MRI labs, and the mobile cleanroom division, which serves the biotech markets for pharmaceuticals, medical devices, Cell & Gene Therapy, and stem cell therapy.
“Indiana’s life sciences and healthcare sector has earned a national, and even international, reputation for innovation, and we are pleased to see Modular Devices adding to our reputation,” said Ann Lathrop, IEDC’s executive vice president of global investments. “We’ll be watching this company as it continues to grow.”
Earlier this year, Modular Devices announced plans to acquire Cardiac Services Mobile Inc., a mobile cath lab company based in Nashville, Tennessee.