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Merit Medical Systems Inc (MMSI.OQ)

MMSI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Merit Medical acquires DFINE for $97.5 mln
Wednesday, 6 Jul 2016 09:00am EDT 

Merit Medical : Merit medical acquires DFINE, Inc. . Deal for approximately $97.5 million . Says effect of DFINE acquisition on Merit's non-GAAP earnings for balance of 2016 is expected to be neutral . Deal will increase its gross margin by about 80 basis points on a non-GAAP basis and 55 basis points on a GAAP basis . Merit medical systems inc says deal financed by a group of banks led by Wells Fargo and included Bank Of America, HSBC and U.S. bank. . Says deal expected to be dilutive on a GAAP basis by $0.24 -$0.26 per share due to intangible amortization, one-time reorganization costs . Says in 2017, merit anticipates effect of acquisition on merit's non-GAAP earnings to be $0.05-$0.08 per share . Says in 2017, MERIT anticipates effect of acquisition to be dilutive on a GAAP basis by $0.05-$0.07 per share .Says DFINE has become a wholly-owned subsidiary of Merit.  Full Article

Merit Medical says signed distribution deal with Japan's Piolax Medical Devices
Tuesday, 10 May 2016 09:30am EDT 

Merit Medical Systems Inc : Signed distribution deal with Piolax Medical Devices of Yokohama, Japan for labyrinth noah micro guide wire .Merit intends to begin registration procedures immediately with a goal of introduction in late 2016.  Full Article

BRIEF-Merit Medical Entered Into Third Amendment To Second Amended & Restated Credit Agreement & Incremental Increase Agreement

* MERIT MEDICAL SYSTEMS - ON DEC 13, MERIT ENTERED INTO THIRD AMENDMENT TO SECOND AMENDED & RESTATED CREDIT AGREEMENT & INCREMENTAL INCREASE AGREEMENT