Teleflex

Teleflex Incorporated
Public
Traded as NYSE: TFX
Industry medical device manufacturing
Headquarters Wayne, Pennsylvania, United States
Area served
150 countries (Global)
Key people
Revenue US$1.8 billion as of December 31, 2015
Website www.teleflex.com
Footnotes / references
[1]

Teleflex Incorporated, headquartered in Wayne, Pennsylvania, is a provider of specialty medical devices for a range of procedures in critical care and surgery. Teleflex has annual revenues of $1.8 billion, operations in 40 countries, and more than 12,000 employees.[2] As of 2012, the chairman and CEO of the company was Benson F. Smith.[1] By 2011, the company had substantially realigned to focus on its current business of medical-device manufacture, having undergone several years of active acquisitions and divestitures.[1]

History

In March 2009, Teleflex sold its marine and industrial instrumentation (gauge) business to Veethree, and planned to exit its Lakewood Ranch, Florida facility.[3] Veethree subsequently continued production of former Teleflex products at its Manatee County, Florida facility and hired approximately 50 workers from Teleflex.[3]

In March 2011, Teleflex sold its marine division, Teleflex Marine, to H.I.G. Capital. [4]

In August 2012, Teleflex substantively finalized an agreement to acquire all assets of the medical device maker LMA International, thereby expanding the company's anesthesia device franchise.[5]

In December 2013, Teleflex completed the acquisition of Vidacare Corporation, integrating Vidacare's intraosseous EZ-IO and OnAccess medical devices into Teleflex's Arrow product line.[6][7]

Patent case

It was a party in the KSR v. Teleflex patent case decided by the Supreme Court of the United States concerning the issue of obviousness as applied to patent claims.

References

  1. 1 2 3 Benson F. Smith; Thomas E. Powell (31 July 2012), Form 10-Q, United States Securities and Exchange Commission, retrieved September 9, 2012 Cite uses deprecated parameter |coauthors= (help)
  2. Corporate-IR.net
  3. 1 2 "Veethree Electronics establishes global facility in Manatee", Tampa Bay Business Journal, April 1, 2009, bizjournals.com, retrieved September 9, 2012
  4. "H.I.G. Capital Announces Acquisition of Teleflex Marine". HIG Capital. 2011-03-22. Retrieved 2011-03-22.
  5. John George (August 14, 2012), "Teleflex buying LMA International for $276M", Philadelphia Business Journal, bizjournals.com, retrieved September 9, 2012
  6. Strong, S. (2 December 2013). "Vidacare customer acquisition letter" (PDF). Vidacare Corporation. Retrieved 29 February 2016.
  7. Zacks Equity Research (4 December 2013). "Teleflex Completes Vidacare Acquisition". Yahoo! Finance. Yahoo! Inc. Retrieved 29 February 2016.

External links

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