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Interventional radiology vendor Merit Medical to acquire device portfolio for $210M
Radiology Business September 18, 2024
Merit Medical is acquiring a portfolio of devices for $210 million, the Utah-based interventional radiology vendor announced Tuesday.
Cook Medical’s lead management business has been around for 34 years, providing a comprehensive selection of products used for the replacement or removal of pacemaker or implantable cardioverter-defibrillator leads.
Merit Medical plans to use cash on hand and borrowings from its long-term credit line to fund the deal, which it hopes to close in the fourth quarter.
“This transaction is consistent with our continued growth initiatives and positions Merit to offer clinicians an increasingly comprehensive set of solutions to support cardiac intervention patients, from diagnosis, to therapy and intervention, to post-procedure care,” CEO Fred P. Lampropoulos said in a...
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