LIMERICK, Pa.--(BUSINESS WIRE)--Jun. 11, 2013--
Teleflex Incorporated (NYSE: TFX), a leading global provider of medical
devices for critical care and surgery, today announced it has acquired
the assets of Ultimate Medical and its affiliates. Ultimate Medical is a
leading supplier and innovator of airway management devices with a
portfolio of patented products and a full range of laryngeal mask
airways.
Ultimate Medical developed the Cuff PilotTM, the world's
first integrated cuff pressure indicator for single-use airway
management devices. This novel technology is a single-use device and it
provides constant inside-the-cuff pressure indication, allowing for
at-a-glance clinical assessments.
The Cuff Pilot technology is currently used with Ultimate Medical’s
portfolio of laryngeal masks and has potential application for use with
Teleflex’s market leading brand of LMATM laryngeal
masks.
Teleflex has had a development partnership with Ultimate Medical since
April 2010 related to the integration of cuff pressure technology into
some products and currently distributes Ultimate's portfolio of
laryngeal masks in select international markets.
In addition to the Cuff Pilot technology, the acquisition of Ultimate
Medical further supports Teleflex’s strategy to grow global supraglottic
airway procedural usage by expanding their LMATM portfolio to
include a full range of silicone laryngeal masks and other complimentary
products. The transaction also brings innovative technologies and
intellectual property that is expected to bring value to Teleflex
outside of the airway management device portfolio.
“We consider the acquisition of Ultimate Medical to be a perfect match,”
said Liam Kelly, Executive Vice President, President, International.
Added Kelly, “The acquisition of Ultimate Medical was a logical step
after we acquired The Laryngeal Mask Company and its affiliates last
year. This acquisition provides Teleflex with additional innovative, and
cost-effective, airway management options for our customers and
underscores our commitment to leadership in airway management medical
devices.”
The financial terms of the acquisition were not disclosed.
About Teleflex Incorporated
Teleflex is a leading global provider of specialty medical devices for a
range of procedures in critical care and surgery. Our mission is to
provide solutions that enable healthcare providers to improve outcomes
and enhance patient and provider safety. Headquartered in Limerick, PA,
Teleflex employs approximately 11,700 people worldwide and serves
healthcare providers in more than 140 countries. For additional
information about Teleflex please refer to www.teleflex.com.
Forward-Looking Statements
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements. Any
forward-looking statements contained herein are based on our
management's current beliefs and expectations, but are subject to a
number of risks, uncertainties and changes in circumstances, which may
cause actual results or company actions to differ materially from what
is expressed or implied by these statements. These risks and
uncertainties are identified and described in more detail in our filings
with the Securities and Exchange Commission, including our Annual Report
on Form 10-K.
Source: Teleflex Incorporated
Teleflex Incorporated
Jake Elguicze
Treasurer and Vice
President, Investor Relations
610-948-2836