Merit Medical Systems has announced it has acquired Medigroup, according to a news release.
Medigroup is an Illinois-based manufacturer of peritoneal dialysis catheters.
"Medigroup offers a broad product line of catheters and implantation devices, and we believe this opportunity will enhance our overall dialysis business," said Fred P. Lampropoulos, chairman and CEO of Merit Medical, in the release. "Medigroup's current annual sales are approximately $2 million, mostly in the United States, and we plan to offer the product line immediately on a worldwide basis. While growing in the United States, peritoneal dialysis is the procedure of choice over chronic catheters in many international markets. Medigroup is profitable, with 75 percent gross margins, and we believe the transaction will be immediately accretive for us."
Earlier in the week, Merit Medical announced it would acquire GE Healthcare unit Thomas Medical Products.
Merit Medical Systems, a manufacturer and marketer of disposable devices used primarily in cardiology, radiology and endoscopy, is headquartered in South Jordan, Utah.
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