You could change the springs and dampers (aka 'shocks'), and this will improve the ride, but you'd still have things like stiffer antiroll bar etc - I am not 100% sure what other difference there may be between standard and sport suspension in addition to the springs and dampers. .
The height ride is determined by the springs alone - though the dampers need to match the springs and have the correct corresponding length-of-travel.
So replacing the springs and dampers will give you a softer ride (though not necessarily as soft as the standard suspension), and the car will ride higher.
If not doing it DIY, factor in some labour costs and more so fo the front where you have McPherson struts (though in reality it might be worth replacing the entire strut including spring and damper). Other costs will be suspension bits (bushes, ball joints, drop links, etc) that might be worth changing either because they look tired or because of 'while you're in there'.
And last, your car will probably have low profile tyres on 18" rims, replacing these with smaller rims will also help (just make sure that the smaller rims clear the larger disc brakes)
As for brands, there's genuine MB obviously, then Sachs and Bilstein make good dampers, eibach make good springs, and Lemforder make good suspension bits.
And last, don't forget to inform your insurer.