Merit Medical Systems To Purchase Cook Medical's Lead Management Portfolio In $200M Deal, Seeks To Enhance Its Position In Cardiac Intervention Market

Tuesday, Merit Medical Systems, Inc. (NASDAQ:MMSI) agreed to purchase Cook Medical’s lead management portfolio for cash consideration of approximately $210 million. Merit expects to fund the transaction through cash on hand and borrowings under its long-term credit facility. The deal is expected to close in the fourth quarter of 2024. Cook Medical’s lead management business provides a comprehensive end-to-end product portfolio of medical devices and accessories used in lead management procedures for patients who need a pacemaker or an implantable cardioverter-defibrillator (ICD) lead removed or replaced. “This transaction is consistent with our Continued Growth Initiatives (CGI) and positions ...