Merit Medical acquires pressure-assisted hemostatic devices from Datascope

Merit Medical announced that it has acquired from Datascope Corp. the SAFEGUARD Pressure Assisted Device, which assists in obtaining and maintaining hemostasis after a femoral procedure, and the AIR-BAND Radial Compression Device, which is indicated to assist hemostasis of the radial artery puncture site while maintaining visibility. Both products have FDA and CE clearance. The SAFEGUARD currently generates approximately $7M of revenue, and the AIR-BAND has not yet been formally launched. Financing for the transaction was provided by Wells Fargo Bank with an expansion of Merit's existing credit facility by $40M. The expanded line will provide funds for the transaction as well as additional working capital.

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