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Merit Medical Acquires View Point Medical, Inc., expanding the Merit Therapeutic Oncology Portfolio

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Merit Medical (NASDAQ: MMSI) acquired View Point Medical via merger, making View Point a Merit subsidiary effective April 1, 2026. The aggregate consideration is approximately $140 million including assumed liabilities, with $90 million paid at closing and two deferred $25 million payments.

Merit expects 2026 revenue contribution of $2M–$4M, 2027 contribution of $14M–$16M, near-term non‑GAAP EPS dilution of $0.05, and projects OneMark sales to grow ≥20% annually with ~70% non‑GAAP gross margins.

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Positive

  • $140M aggregate transaction consideration
  • $90M cash paid at closing
  • Projected $14M–$16M revenue in 2027
  • OneMark sales forecast to grow ≥20% annually
  • 70% non‑GAAP gross margins on OneMark sales

Negative

  • Near‑term non‑GAAP EPS dilution of approximately $0.05
  • Acquisition projected to be dilutive to GAAP net income in 2026–2027
  • Excludes ~$5.3M non‑cash, non‑recurring transaction expenses from EPS impact

Key Figures

Total consideration: $140 million Cash at closing: $90 million Deferred payments: $25 million each +5 more
8 metrics
Total consideration $140 million Aggregate transaction consideration including assumed liabilities
Cash at closing $90 million Paid at closing for View Point acquisition
Deferred payments $25 million each Two payments due by first and second anniversaries of closing
Procedure opportunity 1.3 million procedures Estimated annual U.S. procedures addressable by OneMark technology
2026 revenue contribution $2–$4 million Projected revenue from April 1 to December 31, 2026
Non-GAAP EPS impact 2026 $0.05 dilution Projected full-year 2026 non-GAAP EPS dilution
Interest income reduction $2.0 million Lower interest income on cash used for purchase consideration
Projected gross margin 70% non-GAAP Projected non-GAAP gross margin for OneMark sales

Market Reality Check

Price: $68.23 Vol: Volume 648,755 is at 0.7x...
normal vol
$68.23 Last Close
Volume Volume 648,755 is at 0.7x the 20-day average, suggesting muted trading interest into this announcement. normal
Technical Shares at $68.93 are trading below the 200-day MA of $84.04 and sit close to the 52-week low of $66.34.

Peers on Argus

MMSI gained 0.42% while peers were mixed: TFX +3.01%, BLCO +2.19%, RGEN +4.9%, S...

MMSI gained 0.42% while peers were mixed: TFX +3.01%, BLCO +2.19%, RGEN +4.9%, STVN -0.94%, ICUI +0.91%, pointing to a stock-specific reaction.

Previous Acquisition Reports

3 past events · Latest: Oct 15 (Positive)
Same Type Pattern 3 events
Date Event Sentiment Move Catalyst
Oct 15 Acquisition agreement Positive +0.4% Asset purchase of C2 CryoBalloon technology from PENTAX Medical subsidiary.
May 20 Portfolio acquisition Positive +0.7% Acquisition of Biolife Delaware and its StatSeal/WoundSeal hemostatic products.
Nov 01 Acquisition completion Positive +0.1% Completion of Cook Medical’s lead management portfolio acquisition to bolster EP/CRM.
Pattern Detected

Prior acquisition announcements produced small positive reactions (average move about 0.43%), indicating generally constructive but modest responses to M&A.

Recent Company History

Over the past 18 months, Merit has repeatedly used acquisitions to expand its portfolio. Deals for Cook Medical’s lead management business, Biolife Delaware’s hemostatic products, and PENTAX’s C2 CryoBalloon technology all targeted adjacent, procedure-focused niches. Each announcement saw a modestly positive share reaction. Today’s View Point acquisition continues this bolt‑on strategy within therapeutic oncology, adding the OneMark system and related markers to Merit's localization offerings.

Historical Comparison

+0.4% avg move · In the past three acquisition announcements, MMSI’s average move was 0.43%. Today’s 0.42% gain on th...
acquisition
+0.4%
Average Historical Move acquisition

In the past three acquisition announcements, MMSI’s average move was 0.43%. Today’s 0.42% gain on the View Point deal tracks closely with this typical, modestly positive M&A reaction.

Acquisitions have steadily broadened Merit's therapeutic reach—from cardiac lead management (Cook Medical) and hemostasis (Biolife) to ablation (C2 CryoBalloon) and now breast and soft tissue localization via View Point’s OneMark platform.

Market Pulse Summary

This announcement details a bolt‑on acquisition that extends Merit's therapeutic oncology portfolio ...
Analysis

This announcement details a bolt‑on acquisition that extends Merit's therapeutic oncology portfolio with FDA‑cleared OneMark technology. Management projects $2–$4 million of 2026 revenue and $14–$16 million in 2027, with at least 20% annual growth and 70% non‑GAAP gross margins, but also about $0.05 of 2026 EPS dilution. Investors may track integration progress, revenue ramp versus projections, and how quickly the deal becomes accretive on a GAAP basis.

Key Terms

non-gaap earnings per share, gaap earnings per share, food and drug administration (fda)
3 terms
non-gaap earnings per share financial
"to dilute Merit’s previously forecasted non-GAAP earnings per share by approximately $0.05"
Non-GAAP earnings per share is a company’s reported profit per share after removing certain items that management considers one-time, unusual, or not part of regular operations, such as restructuring costs, stock-based compensation, or asset write-downs. Investors use it like an “adjusted score” to see what management believes is the company’s ongoing, core profitability, but because the adjustments vary between firms it should be compared carefully across companies.
gaap earnings per share financial
"to be dilutive to Merit’s full-year 2026 GAAP net income and GAAP earnings per share"
GAAP earnings per share is the profit a company reports for each share of stock after following standard accounting rules called Generally Accepted Accounting Principles (GAAP). Investors use it as a consistent measure of profitability—like checking the odometer reading on a car using the same scale—so they can compare companies and track performance over time, though it can be affected by one-time items or accounting choices.
food and drug administration (fda) regulatory
"The OneMark System is US Food and Drug Administration (FDA) cleared for its intended use"
A U.S. government agency that reviews and approves drugs, medical devices, vaccines, food safety measures and related products before they reach the market. Think of it as a gatekeeper whose decisions, inspections and safety warnings can make or break a product’s ability to sell; investors watch FDA actions closely because approvals speed revenue and failed reviews, delays or recalls can sharply change a company’s value.

AI-generated analysis. Not financial advice.

SOUTH JORDAN, Utah, April 01, 2026 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced it has acquired View Point Medical, Inc. (View Point). Through a merger transaction, View Point is now a wholly-owned subsidiary of Merit. View Point, located in Carlsbad, California, manufactures the OneMark® Detection Imaging System and OneMark Tissue Markers. The aggregate transaction consideration, including the assumption of ViewPoint liabilities, is approximately $140 million. Of that amount, $90 million was paid in cash at closing and two deferred payments of $25 million each are scheduled to be paid not later than the first and second anniversaries of the closing date, respectively.

“This acquisition expands Merit’s portfolio of therapeutic oncology products dedicated to the accurate diagnosis and localization of breast and soft tissue tumors,” said Martha G. Aronson, Merit’s President and Chief Executive Officer. “Merit has built a market leadership position in wire-free, non-radioactive breast localization procedures. This leadership is built upon our SCOUT® platform, which utilizes the precision and accuracy of radar. View Point’s unique ultrasound-enhanced technology offers a highly innovative solution to localize more lesions at the time of biopsy – representing an estimated 1.3 million procedures annually in the United States alone. We look forward to discussing this acquisition in further detail on our first quarter investor conference call.” Merit’s first quarter investor call is scheduled for April 30, 2026.

The OneMark System is US Food and Drug Administration (FDA) cleared for its intended use and consists of a surgical detection console and ultrasound-enhanced tissue markers. After placement, the tissue markers are designed to be visible across commonly used imaging modalities and engineered to minimize interference with imaging studies. The combination of SCOUT and OneMark provides physicians with more localization options during the initial diagnostic biopsy, which may reduce the need for a separate procedure to mark the location of the tumor prior to surgery.

“The acquisition of View Point reinforces Merit’s mission to help reduce the burden that breast cancer places on patients and their loved ones,” said Adam Smith, Merit’s Chief Commercial Officer. “As treatment protocols evolve, the suspicious area is often most visible at the time of biopsy. Localizing these areas early in a patient’s cancer journey can help physicians plan treatment and may help reduce the need for additional localization procedures.”

FINANCIAL SUMMARY

From the acquisition effective date of April 1, 2026 through December 31, 2026, the acquisition is projected to contribute revenue in the range of $2 million to $4 million and to dilute Merit’s previously forecasted non-GAAP earnings per share by approximately $0.05, inclusive of approximately $2.0 million of lower interest income on cash balances used for the total purchase consideration and excluding approximately $5.3 million of non-cash and non-recurring transaction-related expenses, and to be dilutive to Merit’s full-year 2026 GAAP net income and GAAP earnings per share.

For the twelve months ending December 31, 2027, the acquisition is projected to contribute revenue in the range of $14 million to $16 million and to be accretive to non-GAAP earnings per share. Sales of View Point’s OneMark System are projected to grow at least 20% per year, with 70% non-GAAP gross margins and accretive to non-GAAP operating margins. The acquisition is projected to be dilutive to Merit’s GAAP net income and GAAP earnings per share in 2027 and accretive thereafter.

NON-GAAP FINANCIAL MEASURES

Merit generally does not provide guidance for GAAP reported financial measures (other than revenue) or a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP reported financial measures (other than revenue) because Merit is unable to predict with reasonable certainty the financial impact of various items which could impact Merit’s future financial results, such as expenses attributable to acquisitions or other extraordinary transactions, non-cash expenses related to amortization or write-off of previously acquired tangible and intangible assets, certain employee termination benefits, performance-based stock compensation expenses, expenses resulting from non-ordinary course litigation or administrative proceedings and resulting settlements, governmental proceedings, and changes in governmental or industry regulations. These items are uncertain, depend on various factors, and could have a material impact on GAAP reported results for the guidance period. For the same reasons, Merit is unable to address the significance of the unavailable information, which could be material to future results. Specifically, Merit is not, without unreasonable effort, able to reliably predict the impact of these items, and Merit believes inclusion of a reconciliation of these forward-looking non-GAAP measures to their GAAP counterparts could be confusing to investors or cause undue reliance. Only information on the impacts to such measures from the proposed acquisition is included in this release. A reconciliation of the impacts on such financial measures to the impacts on their GAAP counterparts is not available without unreasonable effort.

ADVISORS

Piper Sandler & Co. acted as financial advisor to Merit. Baker & McKenzie LLP served as legal advisor to Merit.

ABOUT MERIT MEDICAL
Founded in 1987, Merit is engaged in the development, manufacture, and distribution of proprietary medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit serves customers worldwide with a domestic and international sales force and clinical support team totaling more than 800 individuals. Merit employs approximately 7,600 people worldwide.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others:

  • Statements proceeded or followed by, or that include the words, “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “intends,” “seeks,” “believes,” “estimates,” “projects,” “forecasts,” “potential,” “target,” “continue,” “upcoming,” “optimistic” or other forms of these words or similar words or expressions, or the negative thereof or other comparable terminology;
  • Statements that address Merit’s future operating performance or events or developments that Merit’s management expects or anticipates will occur, including, without limitation, any statements regarding Merit’s projected revenues, revenue growth or other financial measures, Merit’s plans and objectives for future operations, Merit’s proposed new products or services, the integration, development or commercialization of the business or any assets acquired from other parties, future economic conditions or performance, the implementation of, and results which may be achieved through, Merit’s Continued Growth Initiatives Program or other business optimization initiatives, and any statements of assumptions underlying any of the foregoing; and
  • Statements regarding Merit’s past performance, efforts, or results about which inferences or assumptions may be made, including statements proceeded or followed by the words "preliminary," "initial," "potential," "possible," "diligence," "industry-leading," "compliant," "indications," or "early feedback" or other forms of these words or similar words or expressions, or the negative thereof or other comparable terminology.

The forward-looking statements contained in this release are based on Merit management’s current expectations and assumptions regarding future events or outcomes. If underlying expectations or assumptions prove inaccurate, or risks or uncertainties materialize, actual results will likely differ, and could differ materially, from Merit’s expectations reflected in any forward-looking statements. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results. Investors are cautioned not to unduly rely on any such forward-looking statements.

The following are some of the important risks and uncertainties that could cause Merit’s actual results to differ from Merit’s expectations in any forward-looking statements: risks and uncertainties associated with Merit’s acquisition of View Point and the OneMark Tissue Localization System and related technology; risks and uncertainties associated with Merit’s integration of the View Point business, assets and operations into its operations and its ability to achieve anticipated financial results, product development and other anticipated benefits of the acquisition; uncertainties as to whether Merit will achieve revenue or other financial performance consistent with its forecasts projected for the View Point acquisition; risks and uncertainties associated with Merit’s executive succession and leadership transition; risks and uncertainties regarding trade policies or related actions implemented by the United States or other countries, including existing, proposed, prospective or invalidated tariffs, duties or other measures; risks and uncertainties associated with Merit’s integration of businesses or assets acquired from third parties, including the business and assets related to the C2 CryoBalloon™ device acquired from Pentax of America, Inc. in November 2025, Biolife Delaware, L.L.C. in May 2025 and the businesses and assets acquired from Cook Medical Holdings LLC in November 2024 and EndoGastric Solutions, Inc. in July 2024, and Merit’s ability to achieve the anticipated operating and financial results, product development and other anticipated benefits of such acquisitions; effects of Merit’s 3.00% Convertible Senior Notes due 2029 on Merit’s net income and earnings per share performance; disruptions in Merit’s supply chain, manufacturing or sterilization processes; U.S. and global political, economic, competitive, reimbursement and regulatory conditions; modification or limitation of, or policies and procedures associated with, governmental or private insurance reimbursement policies; reduced availability of, and price increases associated with, components and other raw materials; increases in transportation expenses; risks relating to Merit’s potential inability to successfully manage growth through acquisitions generally, including the inability to effectively integrate acquired operations or products or commercialize technology developed internally or acquired through completed, proposed or future transactions; prospective financial obligations or other uncertainties associated with Merit’s divestiture of its DualCap® anti-microbial cap product line in February 2026; fluctuations in interest or foreign currency exchange rates and inflation; cybersecurity events; government scrutiny and regulation of the medical device industry; difficulties relating to development, testing and regulatory approval, clearance and maintenance of Merit’s products; the safety, efficacy and patient and physician adoption of Merit’s products; the ability to fully enroll and the outcomes of ongoing and future clinical trials and market studies relating to Merit’s products; litigation and other legal proceedings affecting Merit; the risk and possible effects of any failure to comply with U.S. and foreign laws and regulations; restrictions on Merit’s liquidity or business operations resulting from its debt agreements; infringement of Merit’s technology or the assertion that Merit’s technology infringes the rights of other parties; product recalls and product liability claims; potential for significant adverse changes in governing regulations;, changes in tax laws and regulations in the United States or other jurisdictions or exposure to additional tax liabilities which may adversely affect Merit’s effective tax rate; termination of relationships with Merit’s suppliers, or failure of such suppliers to perform; development of new products and technology that could render Merit’s existing or future products obsolete; market acceptance of new products; failure to comply with applicable environmental laws; changes in key personnel; labor shortages and increases in labor costs; price and product competition; extreme weather events; and geopolitical events. For a further discussion of the risks and uncertainties that may affect Merit’s business, operations and financial condition, see Part I, Item 1A. “Risk Factors” in Merit’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC.

All subsequent forward-looking statements attributable to Merit or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results. Those estimates and all other forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by applicable law, Merit assumes no obligation to update or disclose revisions to estimates and all other forward-looking statements.

TRADEMARKS

Unless noted otherwise, trademarks and registered trademarks used in this release are the property of Merit Medical Systems, Inc., its subsidiaries, or its licensors.

CONTACTS 

PR/Media Inquiries 
Sarah Comstock

Merit Medical Systems, Inc.
+1-801-432-2864 | sarah.comstock@merit.com 

Investor Inquiries 
Mike Piccinino, CFA, IRC 
ICR Healthcare
+1-443-213-0509 | mike.piccinino@icrhealthcare.com


FAQ

What did Merit Medical (MMSI) announce about the View Point acquisition on April 1, 2026?

Merit announced the purchase of View Point Medical for approximately $140 million, with $90M paid at closing and two deferred $25M payments. According to the company, View Point becomes a wholly owned Merit subsidiary effective April 1, 2026.

How will the View Point acquisition affect MMSI revenue in 2026 and 2027?

Merit projects the acquisition will contribute $2M–$4M to 2026 revenue and $14M–$16M for 2027. According to the company, growth assumptions drive 2027 accretion on a non‑GAAP basis.

What is the expected earnings impact of Merit’s acquisition of View Point (MMSI)?

The acquisition is expected to dilute Merit’s previously forecasted non‑GAAP EPS by about $0.05 in 2026 and be accretive to non‑GAAP EPS in 2027. According to the company, GAAP EPS will be dilutive in 2026 and 2027.

What payment terms did Merit (MMSI) agree to for the View Point purchase?

Merit paid $90 million in cash at closing and agreed two deferred payments of $25 million each due within the first and second anniversaries. According to the company, liabilities were assumed as part of the aggregate consideration.

What are the commercial expectations for View Point’s OneMark system under Merit (MMSI)?

Merit projects OneMark sales to grow at least 20% per year with roughly 70% non‑GAAP gross margins. According to the company, the combination with SCOUT expands wire‑free localization options for physicians.

When will Merit discuss the View Point acquisition with investors and where can shareholders hear it?

Merit’s first quarter investor call is scheduled for April 30, 2026, where management plans to discuss the acquisition. According to the company, investors can listen to the scheduled call for further details on financial impact.
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Medical Instruments & Supplies
Surgical & Medical Instruments & Apparatus
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United States
SOUTH JORDAN