Lexology September 27, 2024
Cook Medical recently announced it is selling its lead management portfolio to Merit Medical. Cook Medical is a medical device manufacturer with a portfolio of products used in lead management procedures, including for patients who need a pacemaker or an implantable cardioverter-defibrillator lead removed or replaced. Merit Medical is a manufacturer of disposable medical devices and has products used in interventional, diagnostic, and therapeutic procedures, including in the fields of cardiology, critical care, endoscopy, oncology, and radiology.
The agreed purchase price of Cook Medical’s lead management portfolio is $210 million. Merit estimates that the lead management portfolio assets being purchased generated about $37 million last year. The deal is expected to close later this year.
According to Merit’s CEO Fred...
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