News Article

Teleflex agrees to acquire San Antonio's Vidacare
Date: Oct 30, 2013
Author: Scott Bailey
Source: bizjournals ( click here to go to the source)

Featured firm in this article: VidaCare Corporation of Shavano Park, TX

Teleflex Inc., a global provider of medical devices for critical care and surgery, has entered into a definitive agreement to acquire Vidacare Corp., a San Antonio-based medical technology company.

"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," says Benson Smith, chairman of Pennsylvania-based Teleflex (NYSE: TFX).

The transaction is valued at $262.5 million.

Vidacare officials were not immediately available for comment.

W. Scott Bailey covers health care, tourism, sports business, economic development; he also plans and edits some special reports