07:44 AM EDT, 09/17/2024 (MT Newswires) -- Merit Medical Systems ( MMSI ) said Tuesday it has signed an agreement to buy Cook Medical's lead management portfolio for roughly $210 million in cash.

The company intends to finance the purchase through cash and borrowings under its long-term credit facility, Merit added.

The transaction is expected to be closed during Q4, the healthcare technology company said.

Additionally, Merit Medical ( MMSI ) said it now expects the full-year 2024 non-GAAP earnings outlook of $3.25 to $3.34 per share, down from its prior range of $3.27 to $3.35. Analysts polled by Capital IQ expect $3.31.

Net sales for the year are now expected in the range of $1.339 billion to $1.351 billion, compared with its previous range of $1.335 billion to $1.345 billion. Analysts surveyed by Capital IQ expect $1.34 billion.