Merit Medical to buy Cook Medical's lead management portfolio for $210M cash; reaffirms FY2024 guidance

MERIT MEDICAL SYSTEMS INC

Acquires Cook Medical's lead management portfolio for ~$210M cash; closing expected in Q4 2024.
Projected to add ~$40M annualized revenue starting FY2025, with strong growth profile in global lead management market.
Reaffirms full-year 2024 guidance issued Aug 1; updated outlook includes projected post-close acquisition impact.
Positive 6-month WAVE trial results: WRAPSODY arm achieved 89.8% patency vs 62.8% for standard PTA (p<0.0001).

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