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Merit Medical Systems ( (MMSI) ) has shared an announcement.
Merit Medical Systems, Inc. has entered into an agreement to acquire Cook Medical’s lead management portfolio for $210 million, expecting to complete the transaction by Q4 2024, subject to regular closing conditions and antitrust clearances. The deal is intended to be financed through cash reserves and borrowing, with Merit also planning a two-year transition service agreement with Cook Medical. This acquisition aims to enhance Merit’s electrophysiology and CRM offerings, projecting an additional $40 million in annual revenue from 2025 and reaffirming their 2024 financial guidance while expecting a modest dilution in non-GAAP profitability for the partial year.
See more insights into MMSI stock on TipRanks’ Stock Analysis page.
