Paul Hastings LLP, a leading global law firm, is representing GE Healthcare, a unit of General Electric Company (NYSE: GE), in the sale of Thomas Medical Products, Inc. (“Thomas Medical”) to Merit Medical Systems, Inc. (“Merit”) (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy, for the purchase price of $167 million subject to customary post-closing adjustments. The transaction is expected to close prior to December 31, 2012.
Thomas Medical designs and manufactures catheter-based vascular access delivery devices for diagnostic and therapeutic procedures in electrophysiology (“EP”), cardiac rhythm management (“CRM”), interventional cardiology and interventional radiology applications, primarily on an OEM basis.
M&A partner Thaddeus Malik and of counsel Richard Radnay led the Paul Hastings team.
