Cardiovascular Business September 17, 2024
Two U.S. healthcare technology companies have announced a significant transaction that could shake up the country’s electrophysiology market.
Merit Medical Systems, a Utah-based medical device company founded in 1987, has agreed to purchase the end-to-end lead management portfolio of Indiana-based Cook Medical for approximately $210 million. This includes all medical devices and accessories used to manage leads in patients who need a pacemaker or implantable cardioverter-defibrillator (ICD).
The transaction will be funded with a mix of cash on hand and borrowings. It is expected to close during the fourth quarter of 2024.
Merit estimates that the assets it has agreed to acquire generated close to $37 million in revenue for Cook Medical in 2023. Going forward, the company...
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