A Message from our Founder & Chairman of the Board

Transitioning from a founder-led to a founder-inspired culture marks a significant evolution in our company. As we continue to grow, it’s important not to lose the soul of Merit Medical—our culture, values, and above all, identity.

In 2024, we launched The Merit Way, a set of core values that influences everything we do. It’s how our employees behave and how work is done. The Merit Way defines our culture. It honors the past, celebrates what has made our company successful today, and also sets our expectations for the future.

By embracing The Merit Way, we aim to strengthen the culture within our company while serving customers, patients, and communities. The Merit Way is the H.E.A.R.T. of our organization:

• Health – Commit to employee and patient well-being. We improve and save lives every day.
• Excellence – Deliver your best with the highest of standards. We choose to do things the right way and with integrity.
• Agility – Decide, act, and adapt to change. We continue to learn about and understand the products we build as well as how they improve patient lives.
• Responsibility – Own your decisions, actions, and results. There is a patient at the end of every decision we make, and we strive to have a positive impact on the world around us.
• Teamwork – Collaborate and communicate to achieve a common goal. Working hard and working together gives us a rare opportunity to build the next great healthcare company.

To launch The Merit Way, a live company-wide broadcast was held on July 17, 2024, with celebrations extended across the globe. These events highlighted our shared dedication to Merit’s core values, which will serve as a compass for the future.

As we move forward, we remain dedicated to embedding The Merit Way into every facet of our organization, including our sustainability strategy. Our focus topics within each value pillar of The Merit Way are underpinned by specific measures and accountability up to the highest levels of our organization.

I’m pleased to present the results of our sustainability efforts for the 2024 fiscal year. I strongly believe that transparent and effective sustainability reporting is a crucial tool to measure and demonstrate progress and a catalyst for real change toward a more sustainable future. I extend my sincere thanks to every single team member who contributes to making Merit more sustainable every day.

Fred P. Lampropoulos
Founder and Chairman