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.
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.