SOUTH JORDAN, Utah, April 01, 2026 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced it has acquired View Point Medical, Inc. (View Point). Through a merger transaction, View Point is now a wholly-owned subsidiary of Merit. View Point, located in Carlsbad, California, manufactures the OneMark$(R)$ Detection Imaging System and OneMark Tissue Markers. The aggregate transaction consideration, including the assumption of ViewPoint liabilities, is approximately $140 million. Of that amount, $90 million was paid in cash at closing and two deferred payments of $25 million each are scheduled to be paid not later than the first and second anniversaries of the closing date, respectively.

"This acquisition expands Merit's portfolio of therapeutic oncology products dedicated to the accurate diagnosis and localization of breast and soft tissue tumors," said Martha G. Aronson, Merit's President and Chief Executive Officer. "Merit has built a market leadership position in wire-free, non-radioactive breast localization procedures. This leadership is built upon our SCOUT(R) platform, which utilizes the precision and accuracy of radar. View Point's unique ultrasound-enhanced technology offers a highly innovative solution to localize more lesions at the time of biopsy -- representing an estimated 1.3 million procedures annually in the United States alone. We look forward to discussing this acquisition in further detail on our first quarter investor conference call." Merit's first quarter investor call is scheduled for April 30, 2026.

The OneMark System is US Food and Drug Administration (FDA) cleared for its intended use and consists of a surgical detection console and ultrasound-enhanced tissue markers. After placement, the tissue markers are designed to be visible across commonly used imaging modalities and engineered to minimize interference with imaging studies. The combination of SCOUT and OneMark provides physicians with more localization options during the initial diagnostic biopsy, which may reduce the need for a separate procedure to mark the location of the tumor prior to surgery.

"The acquisition of View Point reinforces Merit's mission to help reduce the burden that breast cancer places on patients and their loved ones," said Adam Smith, Merit's Chief Commercial Officer. "As treatment protocols evolve, the suspicious area is often most visible at the time of biopsy. Localizing these areas early in a patient's cancer journey can help physicians plan treatment and may help reduce the need for additional localization procedures."

FINANCIAL SUMMARY

From the acquisition effective date of April 1, 2026 through December 31, 2026, the acquisition is projected to contribute revenue in the range of $2 million to $4 million and to dilute Merit's previously forecasted non-GAAP earnings per share by approximately $0.05, inclusive of approximately $2.0 million of lower interest income on cash balances used for the total purchase consideration and excluding approximately $5.3 million of non-cash and non-recurring transaction-related expenses, and to be dilutive to Merit's full-year 2026 GAAP net income and GAAP earnings per share.

For the twelve months ending December 31, 2027, the acquisition is projected to contribute revenue in the range of $14 million to $16 million and to be accretive to non-GAAP earnings per share. Sales of View Point's OneMark System are projected to grow at least 20% per year, with 70% non-GAAP gross margins and accretive to non-GAAP operating margins. The acquisition is projected to be dilutive to Merit's GAAP net income and GAAP earnings per share in 2027 and accretive thereafter.

NON-GAAP FINANCIAL MEASURES

Merit generally does not provide guidance for GAAP reported financial measures (other than revenue) or a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP reported financial measures (other than revenue) because Merit is unable to predict with reasonable certainty the financial impact of various items which could impact Merit's future financial results, such as expenses attributable to acquisitions or other extraordinary transactions, non-cash expenses related to amortization or write-off of previously acquired tangible and intangible assets, certain employee termination benefits, performance-based stock compensation expenses, expenses resulting from non-ordinary course litigation or administrative proceedings and resulting settlements, governmental proceedings, and changes in governmental or industry regulations. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. For the same reasons, Merit is unable to address the significance of the unavailable information, which could be material to future results. Specifically, Merit is not, without unreasonable effort, able to reliably predict the impact of these items, and Merit believes inclusion of a reconciliation of these forward-looking non-GAAP measures to their GAAP counterparts could be confusing to investors or cause undue reliance. Only information on the impacts to such measures from the proposed acquisition is included in this release. A reconciliation of the impacts on such financial measures to the impacts on their GAAP counterparts is not available without unreasonable effort.

ADVISORS

Piper Sandler & Co. acted as financial advisor to Merit. Baker & McKenzie LLP served as legal advisor to Merit.

ABOUT MERIT MEDICAL

Founded in 1987, Merit is engaged in the development, manufacture, and distribution of proprietary medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit serves customers worldwide with a domestic and international sales force and clinical support team totaling more than 800 individuals. Merit employs approximately 7,600 people worldwide.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others:

   -- Statements proceeded or followed by, or that include the words, "may," 
      "will," "should," "expects," "plans," "anticipates," "intends," "seeks," 
      "believes," "estimates," "projects," "forecasts," "potential," "target," 
      "continue," "upcoming," "optimistic" or other forms of these words or 
      similar words or expressions, or the negative thereof or other comparable 
      terminology; 
 
   -- Statements that address Merit's future operating performance or events or 
      developments that Merit's management expects or anticipates will occur, 
      including, without limitation, any statements regarding Merit's projected 
      revenues, revenue growth or other financial measures, Merit's plans and 
      objectives for future operations, Merit's proposed new products or 
      services, the integration, development or commercialization of the 
      business or any assets acquired from other parties, future economic 
      conditions or performance, the implementation of, and results which may 
      be achieved through, Merit's Continued Growth Initiatives Program or 
      other business optimization initiatives, and any statements of 
      assumptions underlying any of the foregoing; and 
 
   -- Statements regarding Merit's past performance, efforts, or results about 
      which inferences or assumptions may be made, including statements 
      proceeded or followed by the words "preliminary," "initial," "potential," 
      "possible," "diligence," "industry-leading," "compliant," "indications," 
      or "early feedback" or other forms of these words or similar words or 
      expressions, or the negative thereof or other comparable terminology. 

The forward-looking statements contained in this release are based on Merit management's current expectations and assumptions regarding future events or outcomes. If underlying expectations or assumptions prove inaccurate, or risks or uncertainties materialize, actual results will likely differ, and could differ materially, from Merit's expectations reflected in any forward-looking statements. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results. Investors are cautioned not to unduly rely on any such forward-looking statements.

The following are some of the important risks and uncertainties that could cause Merit's actual results to differ from Merit's expectations in any forward-looking statements: risks and uncertainties associated with Merit's acquisition of View Point and the OneMark Tissue Localization System and related technology; risks and uncertainties associated with Merit's integration of the View Point business, assets and operations into its operations and its ability to achieve anticipated financial results, product development and other anticipated benefits of the acquisition; uncertainties as to whether Merit will achieve revenue or other financial performance consistent with its forecasts projected for the View Point acquisition; risks and uncertainties associated with Merit's executive succession and leadership transition; risks and uncertainties regarding trade policies or related actions implemented by the United States or other countries, including existing, proposed, prospective or invalidated tariffs, duties or other measures; risks and uncertainties associated with Merit's integration of businesses or assets acquired from third parties, including the business and assets related to the C2 CryoBalloon$(TM)$ device acquired from Pentax of America, Inc. in November 2025, Biolife Delaware, L.L.C. in May 2025 and the businesses and assets acquired from Cook Medical Holdings LLC in November 2024 and EndoGastric Solutions, Inc.

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April 01, 2026 09:15 ET (13:15 GMT)