M&A Deal Summary

Merit Medical Acquires C2 CryoBalloon

On October 15, 2025, Merit Medical acquired medical products company C2 CryoBalloon from PENTAX Medical Co. for 22M USD

Acquisition Highlights
  • This is Merit Medical’s 19th transaction in the Medical Products sector.
  • This is Merit Medical’s 11th largest (disclosed) transaction.
  • This is Merit Medical’s 21st transaction in the United States.
  • This is Merit Medical’s 4th transaction in California.

M&A Deal Summary

Date 2025-10-15
Target C2 CryoBalloon
Sector Medical Products
Buyer(s) Merit Medical
Sellers(s) PENTAX Medical Co.
Deal Type Divestiture
Deal Value 22M USD

Target

C2 CryoBalloon

Redwood City, California, United States
C2 CryoBalloon is a device and related technology that delivers controlled freezing treatments to drive targeted ablation and precise destruction of unwanted soft tissue. It treats Barrett’s esophagus, as well as a less common vascular disorder, gastric antral vascular ectasia (GAVE) syndrome, by freezing and eliminating abnormal cells while still maintaining the integrity of surrounding tissue structures. C2 CryoBalloon was formed in 2007 and is based in Redwood City, California.

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Buyer(S) 1

Buyer

Merit Medical

South Jordan, Utah, United States

Category Company
Founded 1987
Sector Medical Products
Employees7,400
Revenue 1.4B USD (2024)
DESCRIPTION

Merit Medical is engaged in development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and endoscopy. Merit Medical was founded in 1987 and is based in South Jordan, Utah.


DEAL STATS #
Overall 21 of 21
Sector: Medical Products M&A 19 of 19
Type: Divestiture M&A Deals 12 of 12
State: California M&A 4 of 4
Country: United States M&A 21 of 21
Year: 2025 M&A 2 of 2
Size (of disclosed) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-20 Biolife

Sarasota, Florida, United States

Biolife manufactures innovative healthcare and first-aid solutions designed to improve patient quality of life. The company's products consist of a powder with two main ingredients: potassium ferrate and a hydrophilic polymer. The products work independently of the clotting cascade to seal the wound or vascular access site while accelerating hemostasis. StatSeal products for the healthcare industry are available in powder and disc (compressed powder) form. WoundSeal products for the consumer and occupational health industries are available in powder form. Biolife is headquartered in Sarasota, Florida.

Buy $120M

Seller(S) 1

SELLER

PENTAX Medical Co.

Montvale, New Jersey, United States

Category Company
Founded 1979
Sector Medical Products
DESCRIPTION

PENTAX Medical Co. is a healthcare industry provider in endoscopic imaging. PENTAX Medical provides endoscopic imaging devices and solutions to the global medical community.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 C2 CryoBalloon

Redwood City, California, United States

C2 CryoBalloon is a device and related technology that delivers controlled freezing treatments to drive targeted ablation and precise destruction of unwanted soft tissue. It treats Barrett’s esophagus, as well as a less common vascular disorder, gastric antral vascular ectasia (GAVE) syndrome, by freezing and eliminating abnormal cells while still maintaining the integrity of surrounding tissue structures. C2 CryoBalloon was formed in 2007 and is based in Redwood City, California.

Buy -