Teleflex Buys Vascular Solutions For $1bn To Improve Growth
The purchase price of $56 a share in cash is a modest 16% premium over Vascular Solutions' 90-day average price. Vascular Solutions' CEO says uncertainty about the future leadership of the company compelled it to consider acquisition offers.
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Teleflex is forking out over $1bn for privately held NeoTract. The latter has seen its revenues grow rapidly due to market enthusiasm for its UroLift system for treating lower urinary tract symptoms related to benign prostatic hyperplasia.
Device Debuts: Spinal Innovation From NuVasive, Life Spine; Teleflex Targets EuroPCR For Arrow AC3 Optimus; Abiomed Pushes 3-G Impella
This edition of Device Debuts covers the innovative devices introduced into commercial markets since the mid-April, typically a busy time for product launches as it coincides with spring's big medical meetings. This includes a series of spine-surgery technologies showcased at the AANS meeting and devices that support blood circulation during interventions that were featured at EuroPCR and SCAI.
The earnings season is now in full swing with more large-cap medtech stocks releasing their quarterly results. This week we spotlight cardiology market leaders Boston Scientific and Edwards Lifesciences, big ortho hitter Stryker, specialty diagnostics provider Thermo Fisher, and diversified players such as Philips, Bard and Teleflex. But which among them are this season's earnings winners and losers?