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

|About: Merit Medical Systems, Inc. (MMSI)|By:, SA News Editor

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.