04:36 PM EDT, 10/15/2025 (MT Newswires) -- Merit Medical Systems ( MMSI ) agreed to acquire Pentax Medical's C2 CryoBalloon device and related technology for $22 million.

The deal includes a $19 million cash payment at closing and an additional $3 million contingent on milestone achievements, Merit said Wednesday in a statement.

The acquisition is expected to contribute $6 million to $8 million in revenue in 2026, Merit said. The deal is expected to close in Q4.

Pentax Medical is part of Japan's HOYA Group.