Merit Medical buys GE’s Thomas Medical
Merit Medical Systems, a healthcare products manufacturer, has announced that it will purchase GE Healthcare’s Thomas Medical Products for US$167 million in cash.
Thomas Medical Products, a device manufacturer based in Malvern, PA, produces catheter technology for vascular access.
Merit Medical expects the deal to close before the end of 2012. The deal may boost the sales (on a pro forma basis) at Merit Medical by $420 million. Out of this amount, Thomas Medical will contribute US$37 million.
Category: Features
