M&A
confidence high
sentiment positive
materiality 0.85
Merit Medical acquires EndoGastric Solutions' EsophyX Z+ device for $105M; updates 2024 guidance
MERIT MEDICAL SYSTEMS INC
- Asset purchase of EsophyX Z+ device for $105M cash, financed via credit facility draws.
- Projected to add ~$30M annualized revenue, leveraging existing GI endoscopy commercial footprint.
- Modestly dilutive to full-year 2024 non-GAAP profitability but expected accretive in first full year post-closing.
- Reaffirmed standalone 2024 guidance; updated outlook to include partial-year impact; details on Aug 1 Q2 call.