Merit Medical wraps up purchase of Cianna Medical

AuntMinnie.com staff writers
Nov 13, 2018

Disposable products developer Merit Medical has finalized its acquisition of breast tumor localization technology provider Cianna Medical.

Merit paid $135 million in cash upfront for Cianna, with the potential to make additional earn-out payments of $15 million for the achievement of supply chain and scalability metrics and $50 million for reaching sales milestones, according to the firms. Cianna is now a wholly owned subsidiary of Merit.

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