Merit Medical plans to expand facility to finance $167 million buyout

By Jennifer Chiou

New York, Nov. 26 - Merit Medical Systems, Inc. intends to finance the proposed $167 million acquisition of Thomas Medical Products, Inc. through the expansion of its existing credit facility with Wells Fargo Bank, according to an 8-K filing with the Securities and Exchange Commission.

Under the purchase agreement, Merit will buy all of the outstanding shares of Thomas Medical Products from Vital Signs, Inc., a New Jersey corporation.

Based in South Jordan, Utah, Merit Medical is engaged in the development, manufacturing and distribution of disposable medical accessories used in interventional and diagnostic procedures, particularly in cardiology and radiology.

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