Teleflex (TFX) to Separate into Two Publicly Traded Companies
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Teleflex Announces Intent to Separate into Two Publicly Traded Companies
February 27, 2025 6:33 AM ESTTeleflex to create a new, independent publicly traded company (NewCo) consisting of Teleflexs Urology, Acute Care, and OEM businesses.Teleflex RemainCo (RemainCo) will consist of Teleflexs Vascular Access, Interventional, and Surgical businesses focusing on high-growth, high-acuity, primarily hospital-focused emergent end markets.Separation expected to position RemainCo to deliver 6%+ constant currency revenue growth post-separation, to be accretive to Teleflex adjusted gross margin, initially neutral to Teleflex adjusted operating margin, and drive double-digit EPS growth in the first full year post separation.Separation will position each company to accelerate its growth profile with a simplified operating model, streamlined... More
