Company Profile
Merit Medical Systems, Inc. (Nasdaq: MMSI) is a leading manufacturer of medical devices used in diagnostic and interventional cardiology and radiology procedures. Its primary products consist of inflation devices used in angioplasty, stent placement and discography; diagnostic and therapeutic catheters used for various procedures in cardiology and radiology; guide wires used to place balloon angioplasty catheters within a patient's coronary arteries; products used to manage and monitor the administration of contrast and other fluid solutions during diagnostic and therapeutic procedures; thrombolytic catheters and fluid dispensing systems; angiography accessories; and standard and custom angiography kits.
Headquartered in South Jordan, Utah, a suburb of Salt Lake City, Merit employs approximately 1,700 people worldwide. Merit markets its products in the United States through a 75-person direct sales force and has broadened its presence in Europe and the world through a network of 20 direct sales people and a number of distributors. These highly trained individuals and organizations market Merit's products both domestically and internationally by calling directly on physicians and clinicians who will be using the products in hospitals and clinics worldwide.
The Company has expanded from a small manufacturing facility in Salt Lake City to two separate facilities in the metropolitan area. It also has a manufacturing facility in Galway, Ireland, enabling Merit to provide quality sub-components for its products and better distribution to European accounts. Merit also has a catheter manufacturing facility located in Angleton, Texas, a procedure tray and pack manufacturing facility in Richmond, Virginia and a customer service and distribution center in Maastricht, The Netherlands. The Company has achieved a world leadership position in inflation devices and hemostasis valves and is renowned for its product innovation, customer service and product quality. Learn More about the Corporate Governance.
History
Merit Medical Systems, Inc. was founded in 1987 by Fred P. Lampropoulos, Kent W. Stanger, and William Padilla, a design and fabrication engineer. These individuals combined a unique knowledge of the medical device industry to form a company focused on injection and insert molding of plastics, and electronic and sensor-based technologies.
Merit's first product was a specialized control syringe used to inject contrast solution into a patient's arteries for a diagnostic cardiac procedure called an angiogram. The barrel of this syringe is made of shatter-proof polycarbonate and was designed to address the increasing problem of clinicians working in conditions where there is the danger of exposure to bloodborne pathogens.
Other products were spawned from the control syringe, and the Company has since expanded its product offering to over 2,000 products.
Merit Medical OEM Division
Launched in 1997, the OEM Division has been designed to leverage Merit's core competencies into high-volume product sales. This is being accomplished through a comprehensive program of assisting other medical device companies with new product development as well as product improvements and enhancements.
Merit has long been recognized by other medical device companies as a world leader in injection and insert molding of plastics as well as other technological platforms. The Merit OEM Division works successfully with many of the world's largest medical device companies as well as start-up and mid-sized companies. Learn More.
Merit Sensor Systems
Merit Sensor Systems, Inc. partners with customers to design, fabricate, assemble and package reliable, cost-effective pressure sensor solutions for automotive, medical, industrial,aviation, defense and consumer applications. Learn More.
MCTec
On December 30, 2005, Merit Medical acquired all of the capital stock of MCTec Holding B.V, a Dutch company in the business of coating wires and tubings for medical devices. Learn More.