Merit Medical acquires assets of Illinois catheter maker

Published November 30, 2012 8:36 am
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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.

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