Teleflex (TFX) Tops Q3 EPS by 22c, Revenues Beat

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Go back to Teleflex (TFX) Tops Q3 EPS by 22c, Revenues Beat

Teleflex (TFX) to Acquire Market Leader in Hemostatic Products

October 28, 2020 5:25 PM EDT

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 are expected to result in future tax benefits. Teleflex valued these tax attributes at approximately $40 million in arriving at our... More