Merit Medical acquired Brightwater Medical for $50m.

Merit Medical Systems, a leading manufacturer and marketer of proprietary disposable devices, acquired Brightwater Medical, which develops medical devices for interventional radiologists, for $50m. The transaction consists of a $35m upfront payment and potential earn-out payments of up to $15m based on receipt of CE mark approval and achievement of future sales targets. “The ConvertX® system is designed to reduce multiple visits to the hospital, saving patients the risk and discomfort of a second interventional procedure while allowing additional utilization of facilities,” said Fred P. Lampropoulos, Chairman and CEO of Merit Medical. “The ConvertX® system complements Merit’s Resolve™ drainage catheter portfolio and potentially drives pull-through of other Merit products such as InQwire™ guide wires, Advocate™ PTA balloons and other vascular products.”