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Merit Medical acquires assets of Illinois catheter maker

Published November 30, 2012 8:36 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Merit Medical Systems, a South Jordan-based manufacturer of catheters and other disposable medical products, said it has acquired the assets of Medigroup Inc., a manufacturer of dialysis catheters based in Illinois.

"Medigroup offers a broad product line of catheters and implantation devices, and we believe this opportunity will enhance our overall dialysis business," Fred P. Lampropoulos, Merit's chairman and CEO, said in a statement announcing the acquisition.

Lampropoulos said Medigroup's current annual sales are approximately $2 million, mostly in the United States. He said Merit plans to offer Medigroup's product line immediately on a worldwide basis.

Medigroup is profitable, with 75 percent gross margins, and Lampropoulos said the transaction should immediately add to Merit's earnings.