Teleflex Buys Vidacare

Teleflex (NYSE:TFX) plans to spend $262.5 million to snap up privately-held Vidacare Corp., a Shavano Park, Texas-based company that makes inside-the-bone access devices.

Limerick, Pa.-based Teleflex said the transaction, which will be financed through its revolving credit line, is expected to close during the 4th quarter. Company officials estimated the deal would contribute some $68 million to $72 million to Teleflex’s top line during its fiscal 2014 year.

“The acquisition of Vidacare, an industry leader with a high gross margin profile, will expand our comprehensive vascular access product portfolio with a defining technology that can provide either a bridge to longer term access devices such as a central venous catheter, or a rapid, less expensive, and lower risk alternative for difficult vascular access when long-term central lines are not necessary,” Teleflex CEO Benson Smith said in a prepared release. Details here.

 

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About Dan White

I'm a retired Paramedic and EMS Instructor with 35 years EMS and emergency medical product experience. I love canoes, cars and EMS. I write about EMS Technology on the Paramedic Blog, the Insights on Innovation column for EMS1.com, on AmbulanceWorld.com and Multibriefs.com. I work for Intersurgical, Inc. managing EMS sales and distribution. I can be reached directly at 573-240-0002. Follow me @Paradan on Twitter
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