M&A Deal Summary

Merit Medical Acquires Alveolus

On February 19, 2009, Merit Medical acquired medical products company Alveolus for 19M USD

Acquisition Highlights
  • This is Merit Medical’s 2nd transaction in the Medical Products sector.
  • This is Merit Medical’s 9th largest (disclosed) transaction.
  • This is Merit Medical’s 2nd transaction in the United States.
  • This is Merit Medical’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2009-02-19
Target Alveolus
Sector Medical Products
Buyer(s) Merit Medical
Deal Type Add-on Acquisition
Deal Value 19M USD
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

Alveolus

Charlotte, North Carolina, United States
website
Alveolus, Inc. is a provider of non-vascular interventional stents used for esophageal, tracheobronchial, and biliary stenting procedures.

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Buyer(S) 1

Buyer

Merit Medical

South Jordan, Utah, United States

website


Category Company
Founded 1987
Sector Medical Products
Employees6,846
Revenue 1.2B USD (2022)
DESCRIPTION

Merit Medical is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force totaling appr3700. Merit Medical was founded in 1987 and is based in South Jordan, Utah.


DEAL STATS #
Overall 2 of 16
Sector (Medical Products) 2 of 14
Type (Add-on Acquisition) 1 of 6
State (North Carolina) 1 of 1
Country (United States) 2 of 16
Year (2009) 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-19 Biosearch Medical Products - Medical Device Products

United States

Biosearch Medical Products - Medical Device products., These products go hand-in-hand with the strategy of building a strong product offering in the gastroenterology market.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-03 Hatch Medical - EN Snare Product

United States

The EN Snare(r) device is used by physicians for retrieval and removal of stents, vena cava filters and embolic coils as well as the manipulation of AAA stent grafts and guidewire "pull-throughs."

Buy $21M