South Jordan, UT-based Merit Medical Systems has acquired View Point Medical through a deal worth about $140 million. Carlsbad, CA-based View Point manufactures the OneMark detection imaging system and OneMark tissue markers.
The aggregate transaction consideration, including the assumption of ViewPoint liabilities, is roughly $140 million. Of that amount, $90 million was paid in cash at closing, and two deferred payments of $25 million each are scheduled to be paid no later than the first and second anniversaries of the closing date.
The acquisition expands Merit’s portfolio of therapeutic oncology products dedicated to the accurate diagnosis and localization of breast and soft tissue tumors, noted Martha G. Aronson, Merit’s president and CEO.
“Merit has built a market leadership position in wire-free, non-radioactive breast localization procedures. This leadership is built upon our Scout platform, which utilizes the precision and accuracy of radar,” Aronson said. “View Point’s unique ultrasound-enhanced technology offers a highly innovative solution to localize more lesions at the time of biopsy — representing an estimated 1.3 million procedures annually in the United States alone.”
Merit acquired the Scout technology through its 2018 purchase of Cianna Medical
.
The company plans to discuss the View Point acquisition during its first quarter investor conference call April 30.
Merit has been on a roll with tuck-in acquisitions
This is Merit Medical’s third acquisition in the past year. In 2025,
Merit bought the C2 CryoBalloon device and related technology from Pentax of America
, a subsidiary of Pentax Medical.
Merit also paid $120 million to acquire Biolife Delaware
, which made the StatSeal and WoundSeal hemostatic devices. That acquisition was intended to position Merit to provide clinicians with more products designed to standardize, simplify, and minimize post-procedure care and maintenance.
Mike Matson, a medtech analyst at Needham & Co., said the View Point deal makes sense as it is consistent with Merit’s strategy of pursuing tuck-in acquisitions of complementary products and adds a new growth driver.
View Point’s OneMark technology
The OneMark System is FDA cleared and consists of a surgical detection console and ultrasound-enhanced tissue markers. After placement, the tissue markers are designed to be visible across commonly used imaging modalities and engineered to minimize interference with imaging studies. The combination of Scout and OneMark provides physicians with more localization options during the initial diagnostic biopsy, which may reduce the need for a separate procedure to mark the location of the tumor prior to surgery.
“The acquisition of View Point reinforces Merit’s mission to help reduce the burden that breast cancer places on patients and their loved ones,” said Adam Smith, Merit’s chief commercial officer. “As treatment protocols evolve, the suspicious area is often most visible at the time of biopsy. Localizing these areas early in a patient’s cancer journey can help physicians plan treatment and may help reduce the need for additional localization procedures.”
From April 1 through December 31, Merit expects the acquisition to contribute revenue in the range of $2 million to $4 million and to dilute Merit’s previously forecasted non-GAAP earnings per share by about $0.5 inclusive of about $2 million of lower interest income on cash balances used for the total purchase consideration and excluding roughly $5.3 million of non-cash and non-recurring transaction-related expenses, and to be dilutive to Merit’s full-year 2026 GAAP net income and GAAP earnings per share.
For the 12 months ending December 31, 2027, the acquisition is projected to contribute revenue in the range of $14 million to $16 million and to be accretive to non-GAAP earnings per share. Sales of View Point’s OneMark System are projected to grow at least 20% per year, with 70% non-GAAP gross margins and accretive to non-GAAP operating margins. The acquisition is projected to be dilutive to Merit’s GAAP net income and GAAP earnings per share in 2027 and accretive thereafter.