LIMERICK, Pa.--(BUSINESS WIRE)--Dec. 2, 2013--
Teleflex Incorporated (NYSE:TFX), a leading global provider of medical
devices for critical care and surgery, announced today that it has
completed the previously announced acquisition of Vidacare Corporation,
the leading provider of intraosseous, or inside the bone, access devices.
Based on the date of closing, the acquisition is not expected to
significantly impact Teleflex’s 2013 revenue or adjusted earnings per
share expectations. The transaction is expected to contribute
approximately $68 million to $72 million of revenue and approximately
$0.10 to $0.15 in adjusted earnings per share in fiscal year 2014,
excluding non-recurring purchase accounting items and other acquisition
and integration related costs.
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 11,200 people worldwide and serves
healthcare providers in more than 140 countries. For additional
information about Teleflex please refer to http://www.teleflex.com.
Forward-Looking Information
This press release contains forward-looking statements, including, but
not limited to, statements relating to the expected accretive effects of
the transactions with respect to Teleflex’s adjusted earnings per share
results for 2013 and 2014. Actual results could differ materially from
those in these forward-looking statements due to, among other things,
unexpected expenditures in connection with the effectuation of the
acquisitions; costs and length of time required to comply with legal
requirements and regulatory approvals applicable to certain aspects of
the transactions, unanticipated difficulties in connection with customer
reaction to the transactions; and other factors described in Teleflex's
filings with the Securities and Exchange Commission.
Source: Teleflex Incorporated
Teleflex Incorporated
Jake Elguicze
Treasurer and Vice
President of Investor Relations
610-948-2836