Merit Medical completes $210M cash acquisition of Cook Medical's lead management portfolio

MERIT MEDICAL SYSTEMS INC

Closed on November 1, 2024; consideration ~$210M cash plus assumption of certain liabilities.
Funded from cash on hand and borrowings under Merit's long-term credit facility.
Portfolio includes medical devices for pacemaker/ICD lead removal; strengthens electrophysiology and CRM business.
CEO Fred Lampropoulos says acquisition enhances Merit's position in the global cardiac intervention market.
Wells Fargo advised Merit; Bank of America advised Cook Medical.

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