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Merit Medical spends $132.5M on acquisitions to expand its offerings

June 9, 2023 By Sean Whooley

Merit Medical LogoAngioDynamics (Nasdaq:ANGO) announced that it completed the sale of its dialysis product portfolio to Merit Medical Systems.

It was part of a series of product acquisitions worth $132.5 million that Merit (Nasdaq: MMSI) has announced.

Latham, New York-based AngioDynamics sold its dialysis portfolio and the BioSentry product for $100 million in cash. The transaction includes the DuraFlow, DuraMax, Evenmore, Schon XL, Trio-CT and Vaxel Plus hemodialysis catheter brands. It also includes the BioSentry product, a tract sealant system biopsy brand.

AngioDynamics said in a news release that the combined product portfolio generated $32 million in sales in 2023.

Get the full story at our sister site, MassDevice.

Filed Under: Catheters Tagged With: AngioDynamics, Merit Medical

About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at swhooley@wtwhmedia.com.

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