Merit Medical acquires BrightWater Medical

By 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

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