Merit Medical inks $210M takeover of Cook’s lead management business

MedTech Dive September 18, 2024
Nick Paul Taylor

Merit predicts the portfolio, which includes devices used in procedures to remove or replace heart rhythm device leads, will add $40 million a year to its sales.

Dive Brief:

• Merit Medical Systems has struck a deal to buy Cook Medical’s lead management portfolio for about $210 million in cash, the companies said Tuesday.
• The portfolio includes medical devices and accessories used in procedures to remove or replace a pacemaker or an implantable cardioverter-defibrillator lead.
• Merit is predicting the deal will add $40 million to annual sales and strengthen its position in a cardiac intervention market it values at more than $900 million across the U.S., Europe and Asia. The acquisition is expected to close between Oct. 31 and Dec....

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