Merit Medical Executed An Asset Purchase Agreement With EndoGastric Solutions For A Total Cash Consideration Of ~$105M; Updates FY24 Financial Guidance EPS From $3.28-$3.35 To 3.22-$3.31 Vs $3.33 Est.; Revenue From $1.31B-$1.325B To $1.32B-$1.34B Vs $1.32B Est.
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Merit Medical Systems (NASDAQ:MMSI) has acquired assets from EndoGastric Solutions for $105 million, expanding its endoscopy portfolio. The acquisition is expected to add $30 million in annual revenue and impact Merit's 2024 financial guidance. Updated guidance includes a slight decrease in EPS and an increase in revenue projections.
July 01, 2024 | 1:19 pm
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Merit Medical Systems has acquired assets from EndoGastric Solutions for $105 million. The acquisition is expected to add $30 million in annual revenue and impact Merit's 2024 financial guidance. Updated guidance includes a slight decrease in EPS and an increase in revenue projections.
The acquisition is expected to add significant revenue to Merit's endoscopy segment and leverage its existing commercial footprint. Although the EPS guidance has been slightly lowered, the overall revenue projection has increased, indicating a positive impact on the company's financial health in the long term.
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