Merit Medical (NSDQ:MMSI) today released its 2nd quarter earnings, beating the Street on earnings per share but falling short on revenue. The South Jordan, Utah-based company reported profits of $7.3 million, or 16¢ per share, on sales of $151.1 million for the 3 months ended June 30. That amounts to a 1.5% bottom-line slide on sales […]
Merit Medical Systems
Merit Medical pays $98m for DFine’s spine devices
Merit Medical (NSDQ:MMSI) said today that it paid $97.5 million in cash to acquire DFine and created a new division to incorporate DFine’s spine devices. San Jose, Calif.-based DFine makes the StabiliT line of devices, for injecting bone cement into vertebral fractures, and the Star spine tumor ablation system. Jordan, Utah-based Merit said its new interventional oncology […]
Merit Medical looks to capitalize on rival Cook’s recall
Merit Medical (NSDQ:MMSI) chief Fred Lampropoulos said his company is ready to take advantage of the worldwide recall of rival Cook Medical‘s central catheter sets. The FDA in March slapped the Cook recall with a Class I label, denoting the risk of serious injury or death. It covers Cook’s single lumen central venous catheter sets and trays, single lumen […]
CryoLife deals Hero graft to Merit Medical for $19m
CryoLife Inc. (NYSE:CRY) said today that it dealt its Hero hemodialysis access graft to Merit Medical (NSDQ:MMSI) for $18.5 million in cash. The Hero graft put up $7.5 million in sales for CryoLife last year, the Atlanta-based company said. The deal calls for CryoLife to continue manufacturing the device for up to 6 months, when Salt Lake […]
SuperSonic Imagine CEO Egelund out after 8 months | Personnel Moves
SuperSonic Imagine said today its CEO Tom Egelund, only appointed as chief in April, will be replaced by supervisory board member Bernard Doorenbos who will operate as interim president and CEO. Doorenbos has held positions at Philips, Thomson CSF, Signaal USFA and acted as CEO of molds and plastic component company Axxicon Group NV, Neways Electronics […]
Merit Medical removes founding-exec CFO Stanger, CAO Barnett resigns
Merit Medical (NSDQ:MMSI) said today that its board of directors voted to remove CFO Kent Stanger, who has served as CFO since the company’s founding in 1987, effective immediately, and its chief accounting officer Greg Barnett resigned from his position. Stanger is replaced by Bernard Birkett, who has served the company’s exec veep of finance since […]
Merit Medical plummets on Q3 earnings, rev misses
Merit Medical (NSDQ:MMSI) today released its 3rd quarter earnings, missing on both earnings and revenue and seeing a significant drop in share value. South Jordan, Utah-based Merit Medical reported profits of $4.8 million, or 11¢ per share, on sales of $136.1 million for the 3 months ended September 30. That amounts to a 37.9% bottom-line loss […]
UPDATE: Merit Medical tops Q2 forecasts, expands Netherlands center
Merit Medical (NSDQ:MMSI) beat expectations for Q2 by a slim margin, topping forecasts for sales and earnings. The company also announced it expanded its distribution center in the Netherlands. South Jordan, Utah-based Merit Medical reported profits of $7.4 million, or 17¢ per share, on sales of $138.1 million for the 3 months ended June 30. That amounts […]