Merit Medical nabs two product lines for $48M

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

Merit Medical Systems (MMSI -1.3%) acquires two product lines from Argon Medical Devices and Catheter Connections for $48M. The assets generated about $46M in sales last year.

The company will provide more detail about the transactions during its upcoming earnings call on February 21.

Update: In a Feb. 7 press release, Argon announced that it sold its Critical Care business, including a manufacturing facility in Singapore and commercial operations in Europe and Japan, to Merit for an undisclosed sum.