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Merit Medical Systems, Inc. (NASDAQ:MMSI) will acquire Brightwater Medical for a $35 million upfront payment and potential earn-out payments of up to $15 million based on receipt of CE mark approval and achievement of future sales targets.
Merit Medical is a manufacturer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology and endoscopy.
Brightwater Medical’s primary product is the ConvertX, is a single device used to replace a series of devices and procedures used to treat severe obstructions of the ureter.
On Monday, Merit Medical shares were trading up 2.8% at $59.28.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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