UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  July 26, 2007

Merit Medical Systems, Inc.
(Exact name of registrant as specified in its charter)

(801) 253-1600
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o                                    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.   Results of Operations and Financial Condition.

On July 26, 2007, Merit Medical Systems, Inc. (“Merit”) issued a press release announcing its operating and financial results for the quarter ended June 30, 2007.  The full text of Merit’s press release, together with related unaudited financial statements, is furnished herewith as Exhibit 99.1.

The information in this Current Report on Form 8-K (including the exhibit) is furnished pursuant to General Instruction B. 2 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by Merit under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01.   Financial Statements and Exhibits

(d)            Exhibits

99.1          Press Release Issued by Merit, dated July 26, 2007, entitled “Merit Medical Announces 2Q 2007 Results,” together with related unaudited financial statements.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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EXHIBIT INDEX

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Exhibit 99.1

1600 West Merit Parkway · South Jordan, UT  84095
Telephone:  801-253-1600 · Fax:  801-253-1688

PRESSRELEASE

FOR IMMEDIATE RELEASE

Date:                                                                   July 26, 2007

Contact:                                                  Anne-Marie Wright, Vice President of Corporate Communications

Phone:                                                          (801) 208-4167  e-mail: awright@merit.com  Fax: (801) 253-1688

MERIT MEDICAL ANNOUNCES 2Q 2007 RESULTS

SOUTH JORDAN, UTAH— Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology and radiology procedures, today announced record revenues of $51.8 million for its second quarter ended June 30, 2007, compared with $48.1 million for the second quarter of 2006, an increase of 8%.  Revenues for the six-month period ended June 30, 2007 were a record $102.8 million, compared with $93.1 million for the same six-month period in 2006, a gain of 10%.

Net income for the second quarter ended June 30, 2007 was $3.6 million, or $0.13 per share, compared to $3.5 million, or $0.13 per share, for the comparable quarter of 2006.  Net income for the six-month period ended June 30, 2007 was $6.6 million, or $0.23 per share, compared to $5.9 million, or $0.21 per share, for the same period of 2006.

“Although sales were slower than expected for the quarter, we are pleased with the improvement in gross and operating margins and the resulting earnings, which were 21 percent higher than in the first quarter of 2007,” said Fred P. Lampropoulos, Merit’s Chairman and Chief Executive Officer.  “We are aware of the lower interventional procedure rate being reported by other companies, and we will continue to evaluate our overall prospects for the year and report, if necessary, any changes in our projections.”

“Many of our cost savings and efficiency projects such as the automated packaging equipment in three facilities, off-shore manufacturing, overall headcount reductions and other projects are online and expected to impact our cost structure going forward,” Lampropoulos added.

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“A number of new products such as our CT transfer sets, the FZ Depot™ collection bag and our ‘Meritized’ ProGuide™ dialysis catheter, which was recently cleared for European sales, were introduced in the second quarter,” Lampropoulos continued.  “New product introductions such as our All-Star™ hemostasis valve, the Sea Dragon™ torque device, the 4 French Impress® catheters and our recently announced Prelude® transradial sheath are scheduled for release during the balance of 2007.”

All product categories of Merit’s business contributed to revenue growth in the second quarter of 2007, with catheter sales increasing 20%; custom kit and tray sales rising 9%; stand-alone device sales growing 7%; and inflation device sales increasing 2%.

For the six-month period ended June 30, 2007, catheter sales increased 19%; custom kits and tray sales rose 14%; stand-alone device sales grew 13%; and inflation device sales increased 1%.

Gross margins for the second quarter of 2007 were 37.7% of sales, compared to 39.5% of sales for the second quarter of 2006.  Gross margins for the six-month period ended June 30, 2007 were 37.3% of sales, compared to 38.7% of sales for the same period of 2006. The decrease in gross margins for the second quarter and six-month period ended June 30, 2007 can be attributed primarily to an increase in wages beginning in the fourth quarter of 2006, increased production headcount, additional write-off of obsolete inventory, an increase in the sales of a lower-margin product to an OEM customer, and higher health care costs.

Selling, general and administrative expenses for the second quarter of 2007 were 22.9% of sales, compared to 23.9% of sales for the second quarter of 2006.  For the six-month period ended June 30, 2007, selling, general and administrative expenses were 23.2% of sales, compared with 24.4% of sales for the first six months of 2006.

Research and development costs during the second quarter of 2007 were 4.3% of sales, compared to 4.2% of sales for the second quarter of 2006.  Research and development costs were 4.4% of sales for the first six months of 2006 and 2007.

Income from operations was $5.5 million, for both the second quarter of 2007 and the second quarter of 2006.  For the six-month period ended June 30, 2007, income from operations was $10.0 million, compared to $9.2 million for the same period of 2006.

Merit’s effective tax rate for the second quarter of 2007 was 35.0%, compared with 35.7% for the second quarter of 2006.  For the six-month period ended June 30, 2007, Merit’s effective tax rate was 35.0%, compared to 35.8% for the same period of 2006.

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CONFERENCE CALL

Merit Medical invites all interested parties to participate in its conference call today, July 26th, at 5:00 p.m. Eastern (4:00 p.m. Central, 3:00 p.m. Mountain, and 2:00 p.m. Pacific).  The domestic phone number is 800-866-5043, and the international number is 303-262-2005.  A live webcast as well as a rebroadcast can be accessed through the webcast tab of the Investors page at www.merit.com or through the webcasts tab at www.fulldisclosure.com.

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INCOME STATEMENT
(Unaudited, in thousands except per share data)

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BALANCE SHEET
(Unaudited in thousands)

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ABOUT MERIT

Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures, particularly in cardiology and radiology.  Merit serves client hospitals worldwide with a domestic and international sales force totaling approximately 90 individuals.  Merit employs approximately 1,700 people worldwide, with facilities in Salt Lake City and South Jordan, Utah; Santa Clara, California; Angleton, Texas; Richmond, Virginia; Maastricht and Venlo, The Netherlands; and Galway, Ireland.

Statements contained in this release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 and are subject to risks and uncertainties such as those described in Merit’s Annual Report on Form 10-K for the year ended December 31, 2006.  Such risks and uncertainties include product recalls and product liability claims; infringement of Merit’s technology or the assertion that Merit’s technology infringes the rights of other parties; termination of relationship with suppliers, or failure of suppliers to perform; inability to successfully manage growth through acquisitions; delays in obtaining regulatory approvals, or the failure to maintain such approvals; significant portions of our revenues being derived from a few products and procedures; development of new products and technology that could render Merit’s products obsolete, market acceptance of new products, introduction of products in a timely fashion, price and product competition, availability of labor and materials, cost increases, and fluctuations in and obsolescence of inventory; market price of our common stock has been and may continue to be volatile; foreign currency fluctuations; key personnel; work stoppage or transportation risks; modification or limitation of governmental or private insurance reimbursement, changes in health care markets related to health care reform initiatives; and other factors referred to in Merit’s most recent 10-K and other reports filed with the Securities and Exchange Commission.  All subsequent forward-looking statements attributable to Merit or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.  Actual results may differ materially from anticipated results.  Financial estimates are subject to change and are not intended to be relied upon as predictions of future operating results, and Merit assumes no obligation to update or disclose revisions to those estimates.

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