Merit Medical Completes Acquisition of Lead Management Portfolio

Merit Medical Systems, a prominent player in healthcare technology, has completed its acquisition of Cook Medical's lead management portfolio for approximately $210 million in cash, along with the assumption of certain liabilities. The strategic move, funded by cash on hand and borrowings under its long-term credit facility, aims to bolster Merit's electrophysiology and CRM business, strengthening its global position in cardiac intervention. The deal aligns with Merit's strategy to expand its comprehensive portfolio of medical devices used for pacemaker and implantable cardioverter-defibrillator lead management, crucial for patients needing lead removal or replacement. As part of the transaction, significant integration efforts and financial projections were outlined in Merit's recent earnings release. Fred P. Lampropoulos, CEO of Merit, welcomed the addition of Cook Medical’s team, reinforcing the ambition to enhance operational and financial performance. The deal was facilitated with Wells Fargo advising Merit and Bank of America Securities advising Cook Medical, while legal advisories included Parr Brown Gee & Loveless for Merit and Ice Miller for Cook Medical.