Merit medical signs agreement to purchase lead management portfolio from cook medical

South jordan, utah, sept. 17, 2024 (globe newswire) -- merit medical systems, inc. (nasdaq: mmsi), a global leader in healthcare technology, today announced it has signed a definitive asset purchase agreement to purchase cook medical's lead management portfolio for total cash consideration of approximately $210 million. merit expects to fund the transaction through a combination of cash on hand and borrowings under its long-term credit facility. the closing of the proposed transaction is expected to occur during the fourth quarter of 2024, subject to the receipt or waiver (in accordance with the provisions of the asset purchase agreement) of certain closing conditions, including clearance under the hart-scott-rodino antitrust improvements act of 1976, and other customary closing conditions.
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