Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Merit Medical Systems history
Merit Medical Systems company history timeline
In November 1989 it introduced its IntelliSystem inflation devices.
Moreover, Merit had by 1990 reported a net income ($140,987), after three years of losses.
Merit's product development was enhanced by the September 1991 formation of Sentir, Inc., founded by Fred Lampropoulos and headquartered in Santa Clara, California.
Merit's sales force--which by 1992 included 27 direct salespersons, including regional and national managers--was thoroughly trained in the uses of Merit's product line.
According to Bennett, the 1992 settlement between the two firms proved that Merit Medical "owed its entire corporate existence to cannibalizing Utah Medical personnel, customers and technology." As a result Merit's stock price declined from nearly $32 to less than $6 per share.
She left the company in 1993 to start her own firm, Salt Lake City's Momentum Medical Corporation, which was engaged in the manufacture of home health products.
In 1994 the World Trade Association of Utah recognized the young company's progress in this area by naming it the International Company of the Year.
In early 1995 Merit Medical opened a new facility in Galway, Ireland, to expand the firm's manufacturing, distribution, and research capabilities.
Sales reached $68.4 million, up from $60.6 million in 1997, while net income reached $2.5 million after a slump to $797,532 the year before.
In a December 1998 interview in the Wall Street Corporate Reporter, Lampropoulos explained his optimism about Merit Medical's future.
Merit's finances continued to grow in the first half of 1999.
Rate how well Merit Medical Systems lives up to its initial vision.
Merit Medical Systems jobs
Do you work at Merit Medical Systems?
Does Merit Medical Systems communicate its history to new hires?
Merit Medical Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| AngioDynamics | 1988 | $303.9M | 1,050 | 10 |
| Corindus Vascular Robotics | 2001 | $10.8M | 90 | - |
| Smiths Medical - Wallace | 1985 | $409.4M | 1,125 | - |
| Spectranetics | 1984 | $270.8M | 960 | - |
| DFine | 2004 | $16.8M | 150 | - |
| Span-America | 1984 | $67.6M | 350 | 24 |
| Clondalkin Pharma & Healthcare Inc | 1885 | $79.0M | 850 | - |
| Younger Optics | 1955 | $240.0M | 850 | - |
| King Systems | - | - | - | - |
| American Orthodontics | 1968 | $72.0M | 750 | 4 |
Merit Medical Systems history FAQs
Zippia gives an in-depth look into the details of Merit Medical Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Merit Medical Systems. The employee data is based on information from people who have self-reported their past or current employments at Merit Medical Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Merit Medical Systems. The data presented on this page does not represent the view of Merit Medical Systems and its employees or that of Zippia.
Merit Medical Systems may also be known as or be related to MERIT MEDICAL SYSTEMS INC, Merit Medical Systems, Merit Medical Systems Inc and Merit Medical Systems, Inc.