Nick Huang ’19 pitched Merit Medical (MMSI) to the Student Managed Investment Fund (SMIF) on March 18, 2019. Based in South Jordan, Utah, Merit manufactures and markets proprietary disposable medical devices. The company focuses in interventional, diagnostic and therapeutic procedures, specifically in cardiology, radiology, oncology, critical care, and endoscopy. Merit prides itself on understanding customers’ needs and delivering through a diverse range of products. The company sells their products across the globe and has seen strong growth in Asia, specifically in China. Founded in 1987, Merit currently operates out of 30 sites across every continent and brought in nearly $900 million in sales in 2018. Nick has a target price of $70.13 on the stock, or about 16% upside. The class voted to buy 255 shares of Merit’s stock.
