Merit Falls After Buying Assets from AngioDynamics (2)

(Updates additional information in fifth and sixth bullet)

Merit Medical Systems Inc. falls as much as 1.2% after the medical devices manufacturer purchased a portfolio of dialysis catheter products and the BioSentry Biopsy Tract Sealant System from AngioDynamics for $100m.

• Merit also announces recent acquisition of Surfacer Inside-Out Access Catheter System from Bluegrass Vascular Technologies for $32.5m
• The company expects these acquisitions to be accretive to its non-GAAP net income and non-GAAP EPS in the first full year post-closing
  • Additionally, Merit expects the purchase to be accretive to its non-GAAP gross and operating margins, as well as non-GAAP net income ...