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Merit Medical Systems (MMSI) acquires Thomas Medical Products from GE Healthcare (GE) for...

Merit Medical Systems (MMSI) acquires Thomas Medical Products from GE Healthcare (GE) for approximately $167M in cash. MMSI intends to finance the the purchase by expanding it's existing credit facility to $275M, which Wells Fargo Bank (WFC) has committed to provide in a single transaction. The company expects the acquisition to be immediately accretive to net earnings, and expects to take advantage of tax benefits with approximately $43M of net present value.
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
    In case you are wondering, GE is getting focused.


    From the linked article...


    Tom Gentile, President and Chief Executive Officer of GE Healthcare's Healthcare Systems division, said, "We are confident this transaction will provide Thomas Medical new capabilities to maximize its opportunities in the single-use vascular access product space and enable GE Healthcare's Cardiovascular segment to remain focused on its core strengths as a provider of total Integrated Cardiology Lab solutions. In addition, we believe Merit Medical will bring a huge amount of expertise in these segments to take Thomas Medical to the next level."
    27 Nov 2012, 01:17 PM Reply Like
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