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Merit Medical Announces Acquisition Of Dialysis Catheter Portfolio And The Biosentry® Biopsy Tract Sealant System From Angiodynamics, Inc. And Acquisition Of The Surfacer® Inside-Out® Access Catheter System From Bluegrass Vascular Technologies, Inc.

Jun 08, 2023over 2 years ago

Acquiring Company

Merit

Acquired Company

Dialysis Catheter Portfolio

DubaiSoftware

Description

Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading global manufacturer and marketer of healthcare technology, today announced it has completed the acquisition of a portfolio of dialysis catheter products and the BioSentry® Biopsy Tract Sealant System from AngioDynamics, Inc. for a total cash consideration of $100 million. Merit also announced the recent acquisition of the Surfacer® Inside-Out® Access Catheter System from Bluegrass Vascular Technologies, Inc. for a total cash consideration of $32.5 million.

Company Information

Company

Merit

Location

Dubai, Dubai, United Arab Emirates

About

Merit is a global engagement technology and solutions company assisting businesses to increase customer and employee engagement, via a suite of innovative cloud-based SaaS platform. enterprise solutions, applications and software. These technology and solutions are supported by a unique API-centric application providing its own merchant network with 6,000+ brands across 150+ countries - including 800+ retailers and merchants in the GCC alone - including rewards, digital gift cards, merchandise, offers & discounts, entertainment, travel incentives, mobile top-ups, making it a company that delivers on its promise of ‘thinking globally, acting locally’.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed