Merit Medical Signs Definitive Asset Purchase Deal To Purchase Cook Medical's Lead Management Portfolio For Total Cash Consideration Of $210M
Portfolio Pulse from Benzinga Newsdesk
Merit Medical has signed a definitive agreement to acquire Cook Medical's Lead Management portfolio for $210 million. The transaction will be funded through cash and borrowings, with an expected closing in Q4 2024.
September 17, 2024 | 11:06 am
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Merit Medical is acquiring Cook Medical's Lead Management portfolio for $210 million, which will be funded through cash and borrowings. The deal is expected to close in Q4 2024.
The acquisition of Cook Medical's Lead Management portfolio is a significant strategic move for Merit Medical, potentially expanding its product offerings and market reach. The funding through cash and borrowings indicates financial readiness, and the expected closing in Q4 2024 provides a timeline for investors. This acquisition is likely to positively impact MMSI's stock price in the short term as it demonstrates growth and expansion.
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