March 18, 2009 (FinancialWire) -- Merit Medical Systems, Inc. (NASDAQ: MMSI) has closed its definitive agreements to acquire the assets of Alveolus, Inc., and Biosearch Medical Products, Inc.

The combined purchase price of approximately $20.6 million was paid from cash reserves and is subject to post-closing adjustments.

Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and gastroenterology.

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