Merit Medical Acquires Products From Argon Medical Devices and Catheter Connections, Inc.

Merit Medical Systems, Inc. (NASDAQ:MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy, announced today that it has acquired certain products from Argon Medical Devices and Catheter Connections, Inc.  The combined revenues of the two acquired product lines were approximately $46.0 million in 2016.  The transactions were financed with a combination of cash and existing credit facilities, which totaled $48.0 million.
“These product acquisitions broaden Merit’s product offering, expand Merit’s geographic presence, and support our goal of expanding our value proposition to our hospital customers globally,” said Fred P. Lampropoulos, Merit’s Chairman of the Board and Chief Executive Officer.  “We intend to sell these products through our existing interventional cardiology sales force.”Details about the product acquisitions, Merit’s fourth quarter and full year 2016 results, 2017 guidance, and profit goals will be discussed in Merit’s upcoming conference call.Merit plans to hold its investor conference call (conference ID 62632957) on Tuesday, February 21, 2017, at 5:00 p.m. Eastern (4:00 p.m. Central, 3:00 p.m. Mountain, and 2:00 p.m. Pacific).  The telephone numbers to call are (domestic) 844-578-9672; and (international) 508-637-5656.  A live webcast will also be available for the conference call at merit.com.ABOUT MERIT
Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 200 individuals.  Merit employs approximately 4,100 people worldwide with facilities in South Jordan, Utah; Pearland, Texas; Richmond, Virginia; Malvern, Pennsylvania; Rockland, Massachusetts; San Jose, California; Maastricht and Venlo, The Netherlands; Paris, France; Galway, Ireland; Beijing, China; Tijuana, Mexico; Joinville, Brazil; Markham, Ontario, Canada, and Melbourne, Australia.