Merit Medical Systems To Purchase Cook Medical's Lead Management Portfolio In $200M Deal, Seeks To Enhance Its Position In Cardiac Intervention Market
Portfolio Pulse from Vandana Singh
Merit Medical Systems (NASDAQ:MMSI) plans to acquire Cook Medical's lead management portfolio for $210 million, aiming to enhance its cardiac intervention market position. The deal, expected to close in Q4 2024, will be funded through cash and credit. It is projected to dilute Merit's 2024 financial metrics slightly.
September 17, 2024 | 1:20 pm
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Merit Medical Systems is acquiring Cook Medical's lead management portfolio for $210 million to strengthen its cardiac intervention market position. The acquisition is expected to close in Q4 2024 and will be funded through cash and credit. The deal will slightly dilute Merit's 2024 financial metrics.
The acquisition is a strategic move to enhance Merit's position in the cardiac intervention market, which is a significant growth area. Although the deal will slightly dilute 2024 financial metrics, the long-term growth potential in a $900 million market is positive. The immediate impact on stock price is likely positive due to the strategic nature of the acquisition.
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