Disposable products developer Merit Medical Systems announced it has acquired medical device developer DFine.
Under terms of the $97.5 million deal, DFine has become a wholly owned subsidiary of Merit, the company said.
DFine earned $33.4 million in 2015, with approximately 75% of those revenues generated in the U.S., according to Merit. DFine's devices are used to treat compression fractures of the spine, as well as for targeted radiofrequency ablation of metastatic spinal tumors.
