Merit Medical Completes Acquisition of Lead Management Portfolio from Cook Medical
Merit Medical Systems, Inc. (MMSI)
Last merit medical systems, inc. earnings: 4/23 04:01 pm
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Source: GlobeNewswire
SOUTH JORDAN, Utah, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader in healthcare technology, today reported that it has completed the acquisition of Cook Medical’s lead management portfolio. The purchase consideration consisted of a cash payment of approximately $210 million and the assumption of certain liabilities. Merit funded the acquisition payment through a combination of cash on hand and borrowings under its long-term credit facility. “We are pleased to announce the completion of this important acquisition,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer. “We are excited to welcome the talented team from Cook Medical’s lead management business. We believe this acquisition will strengthen our fast-growing, high-margin electrophysiology and CRM business, as well as enhance our position in the global cardiac intervention market.” Cook Medical’s lead management business provides a comprehensive end-to-end p
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MMSI
News
- Merit Medical Systems' (NASDAQ:MMSI) five-year earnings growth trails the solid shareholder returns [Yahoo! Finance]Yahoo! Finance
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $116.00 price target on the stock, up previously from $114.00.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its price target raised by analysts at Needham & Company LLC from $109.00 to $122.00. They now have a "buy" rating on the stock.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its price target raised by analysts at Canaccord Genuity Group Inc. from $127.00 to $128.00. They now have a "buy" rating on the stock.MarketBeat
- Merit Medical Systems, Inc. (NASDAQ: MMSI) had its price target raised by analysts at Barrington Research from $114.00 to $115.00. They now have an "outperform" rating on the stock.MarketBeat
MMSI
Earnings
- 10/30/24 - Beat
MMSI
Sec Filings
- 1/28/25 - Form 8-K
- 1/14/25 - Form 144
- 1/14/25 - Form 8-K
- MMSI's page on the SEC website