Matrix Medical Devices Enters Business Agreement with REU Associates, Inc.

October 27, 2014

Mentor, Ohio October 27, 2014 – Matrix Medical Devices (www.matrixmedicaldevices.com) announced today that it has entered into a Business Transfer Agreement with REU Associates Inc., (www.REUAssociates.com). Each company provides product development, regulatory affairs, quality systems, and program management consulting services for the medical device industry. Under this Agreement, Matrix Medical Devices now offers Clients a greater range of expertise, from an integrated Consultancy staff of Matrix Medical and REU Associates, including Ray Ursick, Founder of REU Associates, as well as a network of support contractors and partners.

Recognizing the synergy between the two companies, Stephanie Harrington, Founder and Chief Executive Officer, Matrix Medical Devices and Ray Ursick, President and Founder, REU Associates, agreed to partner to expand the breadth and depth of expertise for its Clients. “A fundamental capability that makes this partnership unique is our ability now to assist both domestic and international startup and established medical products companies across the full spectrum of their needs, providing rapid access to markets for domestic and foreign companies looking to enter the healthcare marketplace” said REU Associates, President Raymond Ursick.

Stephanie Harrington and Ray Ursick have worked together directly and as industry colleagues for almost twenty years. “Ray and his team bring experience and expertise in complex regulatory challenges, such as FDA Pre-Market Approvals and FDA remediation,” said Stephanie Harrington. “With Matrix’s technical expertise in medical device product development, ‘critical path’ optimization, and regulatory and quality experience, Ray and I recognized the opportunity to significantly improve both the product development efficiency and regulatory success for our Clients, ultimately getting it right the first time. I’m thrilled that we were able to establish an Agreement that is mutually beneficially for both parties, and, most importantly, for our Clients.”

About Matrix Medical Devices.
Matrix Medical Devices was founded in July 2013 by Stephanie Harrington, to help provide Medical Device Product Development expertise to accelerate its Client’s product development cycle while streamlining post-market surveillance activities. Matrix Medical Devices offers both strategic and tactical support and currently serves as the in-house regulatory staff for numerous medical products companies. Since its formation in July 2013, Matrix Medical has grown steadily to support both start-ups and large institutions, from across the globe, including such places as Ohio, California, Florida, Canada, and Israel.

About REU Associates Inc.
REU Associates Inc. was founded in September 2001 by Raymond Ursick and provides responsive FDA and international regulatory guidance on submission and compliance requirements for the medical products industry. REU Associates Inc. specializes in providing medical device developers, manufacturers and distributors with the know-how to effectively navigate the regulatory maze to bring their products to market quickly. The company provides well-crafted solutions that consider not only FDA and international medical device regulations, but business objectives, development plans, and profitability concerns. REU Associates expertise and services range from regulatory affairs, quality systems, clinical affairs, and project management.

For more information, contact:
Ms. Josephine Matic, Director of Client Services and Operations
Tel: 440.796.9619
Email: info@matrixmedicaldevices.com