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Merit Medical completes Thomas Medical acquisition
First Published Dec 26 2012 08:18 am • Last Updated Dec 27 2012 12:41 pm

Merit Medical Systems, a South Jordan-based provider of disposable medical products, said it has completed the acquisition of Thomas Medical Products for $167 million.

Thomas Medical was a unit of GE Healthcare based in Malvern, Pa. It designs and manufacturers catheters used in cardiology.

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"The acquisition of Thomas Medical Products adds significant technology and sales base to our cardiology business," Fred P. Lampropoulos, Merit’s chairman and CEO, said in a statement announcing the completion of the acquisition. "Additionally, Thomas Medical adds substantial breadth to our existing OEM business, which is approaching $100 million in annual revenues.

Thomas Medical will now operate as Merit Medical Systems, Malvern Division.




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