Teleflex completes $2.03B sale of Acute Care, Urology, OEM businesses
Teleflex has announced the completion of its $2.03 billion sale of its Acute Care, Interventional Urology, and OEM businesses to two separate buyers: Intersurgical Ltd and Montagu and Kohlberg. The divestiture is part of Teleflex's strategy to optimize its portfolio, focusing on core critical care and high acuity hospital markets. The company plans to use the net proceeds of approximately $1.8 billion to return capital to shareholders through share repurchases and to pay down debt.
https://www.massdevice.com/teleflex-completes-2b-sale-acute-care-urology-oem/