Merit Medical Acquires Assets of Vascular Insights
December 17, 2018—Merit Medical Systems, Inc. announced that it has acquired substantially all assets of Vascular Insights, LLC. The primary assets of Vascular Insights are the ClariVein IC and ClariVein OC specialty infusion and occlusion catheter systems for the treatment of superficial venous disease, particularly below-the-knee disease and venous leg ulcers. The ClariVein IC system has 510(k) clearance from the FDA. The ClariVein OC system has European CE Mark approval.
According to Merit Medical, the Vascular Insights products complement their existing peripheral intervention portfolio, such as Merit's micropuncture and vascular access products. The purchase price was $40 million, plus additional milestone payments that could amount to another $20 million if certain sales targets are achieved.