hospitals and approximately 24% of sales were made to U.S. custom packagers, distributors and original equipment manufacturers, or “OEM”, companies. Approximately 27% of our sales in 2005 were made in international markets. Approximately 1% of our sales were non-medical, including sensors.

Our company was organized in July 1987 as a Utah corporation. In July 1994, we purchased a controlling interest in Merit Sensor Systems, Inc. (formerly Sentir, Inc.), a California-based manufacturer of silicon sensors, and during 1999, we purchased the remaining interest in Merit Sensor Systems, Inc. We have established subsidiaries in Ireland, Germany, France, the United Kingdom, Belgium, and The Netherlands to conduct international business. In January 1997, we purchased the operating assets and product lines of Universal Medical Instruments Corp, or UMI. In August 1999, we purchased the operating assets and product lines of the Angleton, Texas division of Mallinckrodt Inc. In 2000, we purchased the assets of Electo Catheter Corp., also known as Elecath. In November 2004, we purchased substantially all of the assets of MedSource Packaging Concepts LLC (“MedSource”). In March 2005, we bought substantially all of the assets of Sub-Q, Inc (“Sub-Q”). On December 30, 2005, we acquired all of the capital stock of MCTec Holding B.V, a Dutch company in the business of coating wires and tubings for medical devices. Our principal offices are located in manufacturing and office facilities at 1600 West Merit Parkway, South Jordan, Utah, 84095, and our telephone number is (801) 253–1600. See "Item 2. Properties."

PRODUCTS

We have designed and developed our products in response to the needs of customers and patients. We identify these needs primarily by observing procedures in cardiac catheterization and radiology laboratories, by consulting with our medical advisors and consultants, and by communicating directly with customers. Since 1988, we have developed and introduced several product lines, including the following:

 

 
  • coronary control syringes (CCS™, Smart Tip™ Inject8™, and Inject10n™)

  • inflation devices (IntelliSystem®, Monarch®,™, Viceroy™, basix™, basixCOMPAK (including new 30-atmosphere versions), and monitors (IntelliSystem® and IntelliSystem II™)

  • specialty syringes (Medallion® and VacLok®)

  • high-pressure tubing and connectors (Excite™, flexible, braided, rigid, PVC)

  • waste management products (Merit Disposal Depot™, MDD600™, Backstop®, Backstop Plus™, Dugout®, MiniStop™ and MiniStop Plus)

  • disposable blood pressure transducer (Meritrans®); and pressure monitoring tubing

  • disposable hemostasis valves and accessories (MAP™, MBA™, Passage®, Access9™, AccessPlus™, DoublePlay™, RXP™) and guide wire torque devices

  • manifolds and stopcocks (Marquis® series)

  • radial artery compression systems (RadStat®)

  • contrast management systems drip sets and spikes (Miser® and In Line Contrast Management System™,)

  • medication labeling system (Merit PAL™ pen and labels)
  • angiography needles and accessories (Majestik® series, Majestik® Shielded Needle, Captiva®, ShortStop®, SecureLoc™ and A.S.K. Merit Safety Access Kits™)

  • drainage catheters and accessories (Resolve®, non-locking drainage catheters, One Step™ centesis cathethers and SPPT paracentesis kits, Revolution™ and StayFix™ drainage accessories)

  • pericardiocentesis catheters and procedure trays

  • thrombolytic infusion catheters and accessories (Fountain®, Mistique® and Squirt®)

  • diagnostic angiographic pigtail catheters, diagnostic cardiology and radiology catheters, and marker band catheters (Impress™, SofTouch® and Performa®)

  • guide catheters (Trax®)

  • percutaneous sheath introducers and vessel dialators (Prelude™, DialEase™, Thomas Medical®, Merit MAK® and S-MAK Mini Access Kits)

  • diagnostic guide wires (Inqwire®), and accessories (Keep™ and Ringmaster™), and hydrophilic guide wires, (Merit H20®)

  • pressure infusor bags

  • custom and standard procedure trays and packs, drapes and prep kits
 
 

 

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