Teleflex (TFX) to Acquire Market Leader in Hemostatic Products

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Go back to Teleflex (TFX) to Acquire Market Leader in Hemostatic Products

Teleflex to Acquire Market Leader in Hemostatic Products

October 28, 2020 5:01 PM EDT

Signs Definitive Agreement to Acquire Linden Capitals Z-Medica

WAYNE, Pa., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Teleflex Incorporated (NYSE: TFX), a leading global provider for healthcare supplies and services, today announced it has entered into a definitive agreement to acquire privately-held Z-Medica, LLC, an industry-leading manufacturer of hemostatic products. Under the terms of the agreement, Teleflex will acquire Z-Medica for an upfront cash payment of $500 million at closing, and up to an additional $25 million upon the achievement of certain commercial milestones. Teleflex acquired certain tax attributes in the transaction that... More