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Morris Innovative Explores Strategic Alternatives

Thursday, January 25, 2007 6:30:00 AM PDT | VentureDeal Staff

BLOOMINGTON, IN -- Morris Innovative Research has hired Medical Capital Advisors to pursue strategic alternatives for the company, including a possible sale.

Morris Innovative was founded in 2002 and has designed a medical device that closes veins and arteries without leaving foreign material at the closure site, reducing the causes of infection and other complications from surgery and other procedures.

Medical Capital Advisors is based in Waltham, MA and will assist the company in both identifying various strategic alternatives and pursuing them.

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