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Teleflex to split in 2, buy Biotronik assets for $791M among slew of actions

Summary by medtechdive.com

Teleflex, whose shares sank nearly 20% Thursday, will acquire most of Biotronik’s vascular intervention assets. Teleflex also announced a CFO transition.

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medtechdive.com

Teleflex to split in 2, buy Biotronik assets for $791M among slew of actions

Teleflex, whose shares sank nearly 20% Thursday, will acquire most of Biotronik’s vascular intervention assets. Teleflex also announced a CFO transition.

5 days ago

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MyChesCo

Teleflex Acquires BIOTRONIK’s Vascular Intervention Business in $760 Million Deal

WAYNE, PA — Teleflex Incorporated (NYSE: TFX) has announced its agreement to acquire BIOTRONIK’s Vascular Intervention business in a transaction valued at approximately €760 million. With this strategic acquisition, Teleflex aims to strengthen its position in the $10 billion interventional cardiology and peripheral vascular markets, significantly broadening its product portfolio and advancing its long-term growth strategy. The deal is expected t…

4 days ago

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csimarket.com

#Teleflex to Acquire BIOTRONIKs Vascular Intervention Business

Teleflex's Strategic Acquisition: Advancing the Interventional Portfolio with BIOTRONIK's Vascular Intervention Business Teleflex Incorporated (NYSE: TFX), a prominent player in the medical equipment and supplies sector, is poised to amplify its Interventional portfolio through its recent acquisition of BIOTRONIK's vascular intervention business. This strategic move is set against the backdrop of Teleflex's ongoing initiatives to refine and enha…

5 days ago

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SalesTech Star

Teleo Capital Announces Acquisition of Softrax

TELEO Capital Management, LLC (“TELEO”) announced the acquisition of SOFTRAX, an industry leader in revenue management software solutions, from TELUS Corporation (“TELUS”). TELEO’s strategic investment will strengthen SOFTRAX’s foundation and equip it with the tools and resources to grow faster and smarter. This acquisition marks a significant step toward accelerating SOFTRAX’s growth and innovation while delivering exceptional customer value. “…

5 days ago

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BizToc

Teleflex to separate into two publicly traded companies

Teleflex (NYSE: TFX) announced today that it plans to separate its Urology, Acute Care and OEM businesses into a new publicly traded company. The company’s board authorized management to pursue a plan to separate the businesses via a distribution of newly issued shares of “NewCo” to shareholders…

5 days ago

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cardiovascularbusiness.com

Teleflex to acquire Biotronik’s vascular intervention business for $791M, split into 2 separate entities

The acquisition helps Teleflex expand its interventional and vascular portfolios. Biotronik, meanwhile, is shifting its focus toward implantable devices and digital healthcare.

5 days ago

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