Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate strictures; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures.
Merit Medical Systems, Inc.
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3.5
Overall Excellence Rating
Industry
HealthcareCategory
Medical Instruments & SuppliesESG/Ethical Impact
As a leading global manufacturer of medical devices, Merit Medical plays a significant role in contributing to a sustainable future. Our core beliefs and our goal to be the most customer-focused company in healthcare are at the heart of everything we do. We strive to offer superior safe and effective products in a sustainable manner, providing for the health of our customers and the health of our communities. We understand that sound environmental practices are beneficial to our business and to our stakeholders, both now and in the future.We continually monitor our supply chain, assessing potential risks and defining elements for risk mitigation to maintain a continuous supply of products to our customers. We recognize supply chain risk is not limited to operational impact, and we prioritize social and environmental concerns. Responsible sourcing is a critical aspect of our supply chain management. Our team also recognizes service providers and other indirect suppliers that support our business, and we manage these relationships accordingly.Merit Medical’s Board of Directors is the highest governance body within our organization. Eight of the ten members are independent or “non-executive.” Fred Lampropoulos serves as the president and chief executive officer of the company and chairman of the board. Merit Medical’s Corporate Sustainability Council is sponsored by Chief Operating Officer Ron Frost and chaired by Vice President of Environment, Social & Governance Alisha Jerauld. The council comprises senior representatives from Merit’s global divisions and key functions. Members direct the development of the corporate sustainability program and cultivate a common framework for it, ensuring strategic alignment among the divisions, functions, and executive team. Merit Medical designs and manufactures medical devices for various medical procedures. Its revenue comes from the sale of medical products. Merit Medical’s R&D efforts are directed toward developing and improving medical devices for procedures such as interventional cardiology, radiology, and endoscopy. Its innovations contribute to revenue growth and medical advancements.Merit’s corporate sustainability strategy focuses on adding business value by assessing the risks and opportunities of our ESG aspects as well as addressing areas where we can have the greatest impact. We achieve this through our Enterprise Risk/Opportunity Management Program, engaging with stakeholders, and considering the areas where we can have the greatest impact. Every Merit team member is responsible for ensuring that our reputation remains strong. Together we foster a culture in which compliance with the Merit Code of Business Conduct & Ethics and adherence to our core values drives our everyday business activities. The Merit Code of Business Conduct & Ethics always underpins our approach to operating with the highest integrity. It also provides several avenues for team members to report their concerns without fear of retaliation, encouraging them to speak first to their managers and seek help from Human Resources or our Chief Compliance Officer.
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Awards Received
2023
Revenues
$1,100,000,000.00
Website Traffic
Employee Rating
3.4
Customer Rating
3.2
Company Size
5000-10000
ESG Risk Rating
4