In March 2009, Merit Medical Systems, Inc. acquired the products formerly manufactured and
distributed by Alveolus, Inc. This acquisition introduces a new division,
Merit Endotek™, which integrates non-vascular stent technology with inflation devices,
guide wires, and other accessories used throughout the medical community. Prior
to the acquisition by Merit, Alveolus developed next-generation stent technology
for use in the airway (AERO®), esophagus (ALIMAXX-ES®), and biliary
tract (ALIMAXX-B®) to build value and quality in the creation of interventional
and palliative treatment alternatives.
Merit Medical Systems, Inc. (Nasdaq: MMSI),
a manufacturer and marketer of proprietary disposable devices used primarily in
cardiology and radiology procedures, announced today that it has signed a definitive
agreement . . . [more]
Company Profile
Merit Medical Systems, Inc. (Nasdaq: MMSI) is a leading manufacturer
of medical devices used in diagnostic and interventional cardiology and radiology
procedures. Its primary products consist of inflation devices used in angioplasty,
stent placement and discography; diagnostic and therapeutic catheters used for various
procedures in cardiology and radiology; guide wires used to place balloon angioplasty
catheters within a patient's coronary arteries; products used to manage and monitor
the administration of contrast and other fluid solutions during diagnostic and therapeutic
procedures; thrombolytic catheters and fluid dispensing systems; angiography accessories;
and standard and custom angiography kits.
Headquartered in South Jordan, Utah, a suburb of Salt Lake City, Merit employs approximately
1,700 people worldwide. Merit markets its products in the United States through
a 75-person direct sales force and has broadened its presence in Europe and the
world through a network of 20 direct sales people and a number of distributors.
These highly trained individuals and organizations market Merit's products both
domestically and internationally by calling directly on physicians and clinicians
who will be using the products in hospitals and clinics worldwide.
The Company has expanded from a small manufacturing facility in Salt Lake City to
two separate facilities in the metropolitan area. It also has a manufacturing facility
in Galway, Ireland, enabling Merit to provide quality sub-components for its products
and better distribution to European accounts. Merit also has a catheter manufacturing
facility located in Angleton, Texas, a procedure tray and pack manufacturing facility
in Richmond, Virginia and a customer service and distribution center in Maastricht,
The Netherlands. The Company has achieved a world leadership position in inflation
devices and hemostasis valves and is renowned for its product innovation, customer
service and product quality.
Learn more about the corporate governance.
History
Merit Medical Systems, Inc. was founded in 1987. The founders combined a
unique knowledge of the medical device industry to form a company focused
on injection and insert molding of plastics, and electronic and sensor-based technologies.
Merit's first product was a specialized control syringe used to inject contrast
solution into a patient's arteries for a diagnostic cardiac procedure called an
angiogram. The barrel of this syringe is made of shatter resistant polycarbonate and
was designed to address the increasing problem of clinicians working in conditions
where there is the danger of exposure to bloodborne pathogens.
Other products were spawned from the control syringe, and the Company has since
expanded its product offering to over 2,000 products.
Merit Medical OEM
Launched in 1997, the OEM Division has been designed to leverage Merit's core competencies
into high-volume product sales. This is being accomplished through a comprehensive
program of assisting other medical device companies with new product development
as well as product improvements and enhancements.
Merit has long been recognized by other medical device companies as a world leader
in injection and insert molding of plastics as well as other technological platforms.
The Merit OEM Division works successfully with many of the world's largest medical
device companies as well as start-up and mid-sized companies.
Learn more.
Merit Sensor Systems®
Merit Sensor Systems, Inc., a division of Merit Medical, partners with customers to design, fabricate, assemble
and package reliable, cost-effective pressure sensor solutions for automotive, medical,
industrial, aviation, defense and consumer applications.
Learn more.
MCTec™
On December 30, 2005, Merit Medical acquired all of the capital stock of MCTec Holding
B.V, a Dutch company in the business of coating wires and tubings for medical devices.
Learn more.