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Stock impact report

Merit Medical to acquire EndoGastric Solutions for $105m [Yahoo! Finance]

Merit Medical Systems, Inc. (MMSI) 
Last merit medical systems, inc. earnings: 4/23 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: merit.com/investors
Company Research Source: Yahoo! Finance
This acquisition includes EndoGastric's EsophyX Z+ device, a non-pharmacological treatment for gastroesophageal reflux disease (GERD). The device is designed to offer a minimally invasive solution to alleviate GERD symptoms by restoring the natural reflux barrier of the body. A procedure, known as transoral incisionless fundoplication (TIF 2.0), is performed under endoscopic visualisation and is designed to reduce acid reflux that may lead to long-term health issues. Additionally, TIF 2.0 can be paired with a surgical hiatal hernia repair in a combined procedure called concomitant transoral incisionless fundoplication (cTIF). Merit chairman and CEO Fred Lampropoulos said: “This acquisition is consistent with our Continued Growth Initiatives. It enhances our product portfolio in existing clinical specialities while expanding our global footprint in the multi-billion-dollar gastrointestinal market. “We look forward to helping more patients by providing clinicians with a susta Show less Read more
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