Merit Medical acquires BrightWater Medical

By AuntMinnie.com staff writers

June 17, 2019 -- Disposable products developer Merit Medical Systems has acquired medical device technology developer BrightWater Medical with an upfront payment of $35 million and possible earn-out payments of up to $15 million.

The transaction centers on ownership of BrightWater's ConvertX, a single device that has the potential to replace multiple devices used in interventional radiology procedures for the treatment of severe ureteral obstructions.

ConvertX is designed to convert from a nephroureteral catheter into a nephroureteral stent while inside the patient, removing the need for a secondary invasive procedure involving stent installation and potentially improving patient safety and lowering hospital costs, according to the companies.


Copyright © 2019 AuntMinnie.com
 

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking
account: