Merit Medical Systems Overview
- Year Founded
-
1987
- Status
-
Public
- Employees
-
6,950
- Stock Symbol
-
MMSI
- Investments
-
46
- Share Price
-
$95.67
- (As of Tuesday Closing)
Merit Medical Systems General Information
Description
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for use in interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment. The United States generates the majority of the revenue.
Contact Information
Website
www.merit.comCorporate Office
- 1600 West Merit Parkway
- South Jordan, UT 84095
- United States
Corporate Office
- 1600 West Merit Parkway
- South Jordan, UT 84095
- United States
Merit Medical Systems Stock Performance
(As of Tuesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $95.67 | $95.52 | $63.13 - $101.60 | $5.57B | 58.2M | 430K | $2.03 |
Merit Medical Systems Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 5,285,009 | 4,683,315 | 4,255,128 | 3,801,763 |
| Revenue | 1,301,256 | 1,257,366 | 1,150,981 | 1,074,751 |
| EBITDA | 257,276 | 226,436 | 180,727 | 154,193 |
| Net Income | 117,429 | 94,411 | 74,516 | 48,454 |
| Total Assets | 2,371,839 | 2,325,244 | 1,663,966 | 1,648,294 |
| Total Debt | 871,100 | 891,359 | 268,750 | 315,029 |
Merit Medical Systems Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Merit Medical Systems Comparisons
Industry
Financing
Details
Merit Medical Systems Competitors (14)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Angiodynamics | Private Debt Financed | Latham, NY | ||||
| Hologic | Formerly VC-backed | Marlborough, MA | ||||
| Integra Lifesciences | Corporation | Princeton, NJ | ||||
| Globus Medical | Formerly VC-backed | Audubon, PA | ||||
| Corin Group | Private Equity-Backed | Cirencester, United Kingdom |
Merit Medical Systems Patents
Merit Medical Systems Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240315858-A1 | Dilator and dual wire lumen systems | Pending | 24-Mar-2023 | ||
| US-20240293149-A1 | Steerable introducer devices, systems, and methods | Pending | 03-Mar-2023 | ||
| US-20240293133-A1 | Medical grasping device with slide actuator | Pending | 02-Mar-2023 | ||
| US-20240277502-A1 | Fenestrated vascular aortic repair stent deployment devices, systems, and methods | Pending | 17-Feb-2023 | ||
| US-20240277501-A1 | Fenestrated vascular aortic repair stent, systems, and methods | Pending | 17-Feb-2023 | A61F2/07 |
Merit Medical Systems Executive Team (18)
| Name | Title | Board Seat |
|---|---|---|
| Fred Lampropoulos | Founder, Chief Executive Officer & Chairman | |
| Joseph Wright | Chief Commercial Officer | |
| Raul Parra Jr. | Chief Financial Officer | |
| Neil Peterson | Chief Operating Officer, Operations | |
| Robert Fredericks | Executive & Chief Strategy Officer, Strategy |
Merit Medical Systems Board Members (11)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Board Member | ||
| Self | Board Member | ||
| Merit Medical Systems | Founder, Chief Executive Officer & Chairman | ||
| Self | Board Member | ||
| Self | Board Member |
Merit Medical Systems Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Merit Medical Systems Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Merit Medical Systems Investments & Acquisitions (46)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Cook Medical (Lead Management Portfolio) | 17-Sep-2024 | Other Commercial Services | |||
| EndoGastric Solutions | 01-Jul-2024 | Surgical Devices | |||
| Bluegrass Vascular Technologies (Surfacer Inside-Out Access Catheter System) | 09-Jun-2023 | Buildings and Property | |||
| AngioDynamics (Dialysis Catheter Portfolio & The BioSentry Biopsy Tract Sealant System) | 08-Jun-2023 | Buildings and Property | |||
| Bluegrass Vascular Technologies | 02-May-2023 | Merger/Acquisition | Other Devices and Supplies |
Merit Medical Systems Subsidiaries (7)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| KA Medical | Surgical Devices | Roseville, MN | 2014 |
| Bluegrass Vascular Technologies | Other Devices and Supplies | San Antonio, TX | |
| Vascular Insights | Surgical Devices | South Jordan, UT | |
| Ostial Solutions | Therapeutic Devices | Kalamazoo, MI | |
| Laurane Medical | Surgical Devices | Le Pradet, France |
Merit Medical Systems ESG
Risk Overview
Risk Rating
Updated July, 05, 2024
15.92 | Low Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Healthcare
Industry
of 634
Rank
Percentile
Medical Supplies
Subindustry
of 58
Rank
Percentile
Merit Medical Systems Exits (3)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| XableCath | 19-Aug-2015 | Completed |
|
||
| Blockade Medical | 07-Aug-2012 | Completed |
|
||
| Vysera Biomedical | 21-Oct-2009 | Early Stage VC | Completed |
Merit Medical Systems FAQs
-
When was Merit Medical Systems founded?
Merit Medical Systems was founded in 1987.
-
Who is the founder of Merit Medical Systems?
Fred Lampropoulos is the founder of Merit Medical Systems.
-
Who is the CEO of Merit Medical Systems?
Fred Lampropoulos is the CEO of Merit Medical Systems.
-
Where is Merit Medical Systems headquartered?
Merit Medical Systems is headquartered in South Jordan, UT.
-
What is the size of Merit Medical Systems?
Merit Medical Systems has 6,950 total employees.
-
What industry is Merit Medical Systems in?
Merit Medical Systems’s primary industry is Diagnostic Equipment.
-
Is Merit Medical Systems a private or public company?
Merit Medical Systems is a Public company.
-
What is Merit Medical Systems’s stock symbol?
The ticker symbol for Merit Medical Systems is MMSI.
-
What is the current stock price of Merit Medical Systems?
As of 15-Oct-2024 the stock price of Merit Medical Systems is $95.67.
-
What is the current market cap of Merit Medical Systems?
The current market capitalization of Merit Medical Systems is $5.57B.
-
What is Merit Medical Systems’s current revenue?
The trailing twelve month revenue for Merit Medical Systems is $1.3B.
-
Who are Merit Medical Systems’s competitors?
Angiodynamics, Hologic, Integra Lifesciences, Globus Medical, and Corin Group are some of the 14 competitors of Merit Medical Systems.
-
What is Merit Medical Systems’s annual earnings per share (EPS)?
Merit Medical Systems’s EPS for 12 months was $2.03.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
