Company Background
Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology, radiology and gastroenterology. Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 100 individuals. Merit employs approximately 2,000 people worldwide, with facilities in Salt Lake City and South Jordan, Utah; Angleton, Texas; Richmond, Virginia; Maastricht and Venlo, The Netherlands; and Galway, Ireland. Merit Medical Systems, Inc is traded on NASDAQ as MMSI.
Milestones
1991
Merit Medical Systems needed a reliable, high-yield pressure sensor solution for its first-ever digital inflation device. To meet this need, Sentir Semiconductor, Inc. was formed by Fred Lampropoulos** and Manny Rossell in Santa Clara, California.
** Mr. Lampropoulos founded Merit Medical Systems, Inc. He currently serves as Merit's Chairman and CEO.1994
Merit Medical acquired a majority interest in Sentir.
1999
Merit Medical acquired the remaining interest in Sentir, and changed the name to Merit Sensor Systems, Inc.
2007
Relocated to a new state-of-the-art facility on the Merit Medical campus in South Jordan, Utah. This relocation underscored Merit's commitment to the sensor business and enables both companies to leverage key resources. These investments, coupled with key additions in management allow us to better serve our customers.
2008
Introduced 7000 Series pressure die as a die shrink to the AP301
2009
Introduced Blood Pressure Series
Introduced Harsh Media Series pressure die for automotive / industrial applications
2010
Introduced PMD Series for industrial applications
Expanded distribution sales channel to include China, Hong Kong, Taiwan and all of South East Asia
Introduced SENS0001 pressure sensor for medical applications
Expanded distribution sales channels in Israel
Expanded distribution sales channels in Germany, Austria, Switzerland and Turkey
2011
Celebrated 20 year anniversary
Introduced first fully compensated analog products that include a signal conditioning ASIC
Expanded distribution sales channels in South Korea
Increased R & D by 50%
Expanded distribution sales channels in Japan
Increased production capacity by 50%