Merit Medical acquires Vascular Insights for up to $60M

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

Merit Medical Systems (MMSI -0.8%) acquires virtually all the assets of Quincy, MA-based Vascular Insights, a maker of catheter systems, for $40M plus up to $20M more if certain sales targets are met.

The transaction should shave $0.03 off EPS and $0.02 off non-GAAP EPS in 2018 while being neutral to gross margins and revenue.

2019 guidance: The transaction will dilute EPS by $0.05 - 0.07 and non-GAAP EPS by $0.00 - 0.02. Additional revenues should be $10M - 11M.

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