Merit Medical Systems Finalizes Resolution with the Government
October 13 2020 - 4:05PM
Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer
and marketer of proprietary disposable devices used in
interventional, diagnostic and therapeutic procedures, particularly
in cardiology, radiology, oncology, critical care and endoscopy,
announced today that it has finalized its settlement with the U.S.
Department of Justice and the U.S. Department of Health and Human
Services. In order to avoid distraction from its core mission, and
the cost of litigating the matter to success, Merit agreed to pay
$18 million to the federal government and certain states. The
settlement agreement does not constitute a finding of wrongdoing by
Merit or its management, and it expressly recognizes that Merit
denies the allegations.
Merit looks forward to continuing to focus each
day on its mission: To be the most customer-focused company in
healthcare.
ABOUT MERIT
Founded in 1987, Merit Medical Systems, Inc. is
engaged in the development, manufacture and distribution of
proprietary disposable medical devices used in interventional,
diagnostic and therapeutic procedures, particularly in cardiology,
radiology, oncology, critical care and endoscopy. Merit serves
client hospitals worldwide with a domestic and international sales
force and clinical support team totaling in excess of 500
individuals. Merit employs approximately 6,000 people
worldwide with facilities in South Jordan, Utah; Pearland, Texas;
Richmond, Virginia; Malvern, Pennsylvania; Rockland, Massachusetts;
Aliso Viejo, California; Maastricht and Venlo, The Netherlands;
Paris, France; Galway, Ireland; Beijing, China; Tijuana, Mexico;
Joinville, Brazil; Markham, Ontario, Canada; Melbourne, Australia;
Tokyo, Japan; Reading, United Kingdom; Johannesburg, South Africa;
and Singapore.
CONTACTS:
Teresa JohnsonCorporate Communications(801) 208-4295
(office)tjohnson@merit.com
Patrick McCartyInvestor Relations(801) 208-4581
(office)patrick.mccarty@merit.com
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