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. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.