Dec 9 (Reuters) – Medical device maker Teleflex said on Tuesday it would sell three units for a combined $2.03 billion, as it sharpens its focus on its critical care and hospital businesses. Shares of the company were up more than 13% in early trading. The company will sell its Acute Care and Interventional Urology […]
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Medical device maker Teleflex to divest three units for $2.03 billion
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Dec 9 (Reuters) – Medical device maker Teleflex said on Tuesday it would sell three units for a combined $2.03 billion, as it sharpens its focus on its critical care and hospital businesses.
Shares of the company were up more than 13% in early trading.
The company will sell its Acute Care and Interventional Urology units to Intersurgical and its original equipment manufacturer division to private equity firms Montagu and Kohlberg.
Teleflex expects to receive about $1.5 billion for the OEM business and $530 million for the Acute Care and Interventional Urology units, before routine price adjustments. After tax, it expects net proceeds of about $1.8 billion.
The deals are expected to close in the second half of 2026.
Teleflex said it plans to use most of the proceeds to buy back shares and pay down debt.
(Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Sriraj Kalluvila)