Teleflex has acquired BIOTRONIK's Vascular Intervention business, enhancing its portfolio and global market presence.
Quiver AI Summary
Teleflex Incorporated has successfully completed its acquisition of the Vascular Intervention business from BIOTRONIK SE & Co. KG for €760 million. This acquisition enhances Teleflex’s portfolio in interventional access products, reinforcing its position in the global cath lab market and expanding into the peripheral intervention sector. Key products acquired include advanced drug-coated balloon catheters and stents for both coronary and peripheral interventions. The integration of this business is expected to improve patient care and contribute up to €177 million in revenue for the second half of 2025. Teleflex aims to leverage the acquired technologies to enhance its innovation pipeline, particularly in the area of resorbable scaffold technologies, and anticipates a steady growth in revenues from these products starting in 2026.
Potential Positives
- Teleflex has completed the acquisition of BIOTRONIK’s Vascular Intervention business ahead of schedule, which is expected to enhance its global presence in the cath lab market.
- The acquisition will broaden Teleflex's portfolio with innovative therapeutic products, particularly in the fast-growing peripheral intervention market.
- Financial projections indicate that the acquired products are expected to generate significant revenues, with an estimated €177 million in the second half of 2025 and €91 million in the fourth quarter, contributing positively to Teleflex’s earnings.
- The incorporation of advanced technologies from BIOTRONIK is anticipated to bolster Teleflex's innovation pipeline and support investments in new clinical trials, particularly for the Freesolve™ resorbable scaffold technology.
Potential Negatives
- Acquiring the Vascular Intervention business for €760 million raises concerns about potential financial strain and integration challenges, particularly amidst economic uncertainties.
- The emphasis on future revenue projections and adjusted earnings per share accretion hints at a reliance on this acquisition to drive growth, which may place pressure on the company if expected results fall short.
- The inclusion of forward-looking statements regarding the acquisition introduces inherent risks related to regulatory actions, customer reactions, and integration difficulties, which could impact investor confidence.
FAQ
What recent acquisition did Teleflex complete?
Teleflex completed the acquisition of substantially all of the Vascular Intervention business of BIOTRONIK SE & Co. KG.
How will this acquisition benefit Teleflex?
The acquisition enhances Teleflex's global presence in the cath lab and expands its portfolio of therapeutic products.
What products are included in the Vascular Intervention business?
The portfolio includes drug-coated balloon catheters, covered coronary stents, and multifunctional catheter systems for coronary and peripheral interventions.
What are the anticipated revenue projections for the acquired products?
Teleflex expects the acquired products to generate approximately €177 million in revenue in the second half of 2025.
How does this acquisition affect Teleflex's earnings per share?
The transaction is expected to be approximately $0.10 accretive to Teleflex’s adjusted earnings per share in its first year of ownership.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TFX Congressional Stock Trading
Members of Congress have traded $TFX stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $TFX stock by members of Congress over the last 6 months:
- REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 02/25.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$TFX Hedge Fund Activity
We have seen 228 institutional investors add shares of $TFX stock to their portfolio, and 393 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 3,095,723 shares (+1394.0%) to their portfolio in Q1 2025, for an estimated $427,797,961
- BLACKROCK, INC. added 2,005,906 shares (+53.3%) to their portfolio in Q1 2025, for an estimated $277,196,150
- INVESCO LTD. removed 934,736 shares (-87.5%) from their portfolio in Q1 2025, for an estimated $129,171,167
- JANUS HENDERSON GROUP PLC removed 933,478 shares (-17.7%) from their portfolio in Q1 2025, for an estimated $128,997,324
- STATE STREET CORP removed 531,220 shares (-25.8%) from their portfolio in Q1 2025, for an estimated $73,409,291
- ALLIANCEBERNSTEIN L.P. removed 465,125 shares (-91.0%) from their portfolio in Q1 2025, for an estimated $64,275,623
- VANGUARD GROUP INC removed 461,870 shares (-8.3%) from their portfolio in Q1 2025, for an estimated $63,825,815
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TFX Price Targets
Multiple analysts have issued price targets for $TFX recently. We have seen 3 analysts offer price targets for $TFX in the last 6 months, with a median target of $155.0.
Here are some recent targets:
- Larry Biegelsen from Wells Fargo set a target price of $137.0 on 05/02/2025
- Anthony Petrone from Mizuho Securities set a target price of $155.0 on 04/16/2025
- An analyst from Morgan Stanley set a target price of $191.0 on 03/05/2025
Full Release
WAYNE, Pa., July 01, 2025 (GLOBE NEWSWIRE) -- Teleflex Incorporated (NYSE:TFX), a leading global provider of medical technologies, today announced that it has completed the previously announced acquisition of substantially all of the Vascular Intervention business of BIOTRONIK SE & Co. KG. The acquisition adds a broad portfolio of therapeutic products to Teleflex’s portfolio of interventional access products, driving an enhanced global presence in the cath lab. The Vascular Intervention business will also establish Teleflex's global footprint in the fast-growing peripheral intervention market, and provide a channel for Teleflex products that currently have a peripheral indication.
On February 27, 2025, Teleflex announced its entry into a definitive agreement to acquire substantially all of BIOTRONIK’s Vascular Intervention business. Under the terms of the agreement, Teleflex acquired the Vascular Intervention business for a cash payment of €760 million, less certain adjustments as provided in the purchase agreement, including certain working capital not transferring and other customary adjustments.
“We are pleased to announce the completion of the acquisition of substantially all of the Vascular Intervention business of BIOTRONIK earlier than expected” said Liam Kelly, Chairman, President and Chief Executive Officer of Teleflex. “The acquisition will significantly enhance our global presence in the cath lab, expand our suite of innovative technologies, and improve patient care. We believe the acquisition will allow us to position this advanced coronary portfolio alongside our existing Interventional business and establish our global footprint in the fast-growing peripheral intervention market. The acquired business is rooted in robust research and development, clinical expertise, and global manufacturing capabilities, which we believe will further bolster Teleflex’s innovation pipeline, and position the company to participate in the emerging potential for resorbable scaffold technologies. We will provide additional details on our second quarter earnings conference call.”
The acquired Vascular Intervention business consists of a comprehensive and differentiated portfolio for coronary and peripheral interventions performed in the cath lab and interventional radiology suites. In coronary vascular interventions, key products include the Pantera™ Lux™ Drug-Coated Balloon Catheter, the novel PK Papyrus™ Covered Coronary Stent for acute coronary artery perforations, and the Orsiro™ Mission Drug Eluting Stent, an ultrathin drug-eluting stent with differentiated clinical features. For peripheral interventions, the portfolio includes the Passeo™-18 Lux™ Peripheral Drug-Coated Balloon Catheter, Dynetic™-35 Balloon-Expandable Cobalt Chromium Stent, the Pulsar™-18 T3 Self-Expanding 4F Stent, and the Oscar™ peripheral multifunctional catheter system.
The acquisition of the Vascular Intervention business will also allow Teleflex the opportunity to invest in and expand the clinical trial program for Freesolve™, a sirolimus-eluting Resorbable Metallic Scaffold (RMS) technology, including plans to initiate a U.S. pivotal study. Freesolve™, which received its CE Mark in February 2024, is indicated in CE-mark accepting countries for de novo coronary artery lesions. The combination of temporary scaffolding with drug delivery is anticipated to address the current trend in interventional coronary and endovascular procedures toward leaving behind less permanent hardware. As demonstrated in the BIOMAG-I study, Freesolve™ RMS demonstrated resorption after 12 months, a target lesion failure rate comparable to contemporary drug-eluting stents, and no definite or probable scaffold thrombosis.
1,2
The European pivotal BIOMAG-II study is now enrolling.
Vascular Intervention Acquisition Financial Outlook
Given the earlier than expected completion of the Vascular Intervention acquisition, we now expect the acquired products to generate revenues of €177 million in the second half of 2025 or $204 million. As previously disclosed, we expect the acquired products to generate €91 million in revenues for the fourth quarter of 2025 or $105 million. Beginning in 2026, we expect sales of the acquired products to deliver annual constant currency revenue growth of 6% or better.
Excluding non-recurring purchase accounting items and other acquisition and integration related costs, the transaction is still expected to be approximately $0.10 accretive to the Company’s adjusted earnings per share in the first year of ownership, and to be increasingly accretive, thereafter.
About Teleflex Incorporated
As a global provider of medical technologies, Teleflex is driven by our purpose to improve the health and quality of people’s lives. Through our vision to become the most trusted partner in healthcare, we offer a diverse portfolio with solutions in the therapy areas of anesthesia, emergency medicine, interventional cardiology and radiology, surgical, vascular access, and urology. We believe that the potential of great people, purpose driven innovation, and world-class products can shape the future direction of healthcare.
Teleflex is the home of Arrow™, Barrigel™, Deknatel™, LMA™, Pilling™, QuikClot™, Rüsch™, UroLift™ and Weck™ – trusted brands united by a common sense of purpose.
At Teleflex, we are empowering the future of healthcare. For more information, please visit teleflex.com .
Not all products may be available in all countries. The above-referenced drug-coated devices are not available in the United States and Japan.
References:
- Seguchi M, Aytekin A, Xhepa E, Haude M, Wlodarczak A, van der Schaaf RJ, Torzewski J, Ferdinande B, Escaned J, Iglesias JF, Bennett J, Toth GG, Toelg R, Wiemer M, Olivecrona G, Vermeersch P, Waksman R, Garcia-Garcia HM, Joner M. Vascular response following implantation of the third-generation drug-eluting resorbable coronary magnesium scaffold: an intravascular imaging analysis of the BIOMAG-I first-in-human study. EuroIntervention. 2024 Sep 16;20(18):e1173-e1183. doi: 10.4244/EIJ-D-24-00055. PMID: 39279514; PMCID: PMC11384225. The study was sponsored by BIOTRONIK. M. Seguchi, M. Haude, J.F. Iglesias, J. Bennett, G.G. Toth, M. Wiemer, G. Olivecrona, R. Waksman, H.M. Garcia-Garcia, and M. Joner are paid consultants of BIOTRONIK.
- Haude M, Wlodarczak A, van der Schaaf RJ, Torzewski J, Ferdinande B, Escaned J, Iglesias JF, Bennett J, Toth GG, Joner M, Toelg R, Wiemer M, Olivecrano G, Vermeersch P, Garcia-Garcia HM, Waksman R. A new resorbable magnesium scaffold for de novo coronary lesions (DREAMS 3): one-year results of the BIOMAG-I first-in-human study. EuroIntervention. 2023 Aug 7;19(5):e414-e422. doi: 10.4244/EIJ-D-23-00326. PMID: 37334655; PMCID: PMC10397670.
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements about our acquisition of the Vascular Intervention business, our and the Vascular Intervention business’s commercialized and pipeline products, and the Vascular Intervention business’s technology platform, including, in each case, their potential benefits, anticipated revenue contribution, and anticipated adjusted earnings per share accretion. Actual results could differ materially from those in the forward-looking statements due to, among other things, unanticipated difficulties and expenditures in connection with integration programs; customer and shareholder reaction to the transaction; risks associated with the completed financing of the transaction; disruption from the transaction making it more difficult to maintain business and operational relationships; significant transaction costs; unknown liabilities; the risk of regulatory actions related to the acquisition; changes in general and international economic conditions, including fluctuations in foreign currency exchange rates; and other factors described or incorporated in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024.
CAUTION: Federal (USA) law restricts these devices for sale or use by or on the order of a physician.
Teleflex, the Teleflex logo, Arrow, Barrigel, Deknatel, LMA, Pilling, QuikClot, Titan SGS, Rüsch, UroLift and Weck are trademarks or registered trademarks of Teleflex Incorporated or its affiliates in the U.S. and/or other countries. Other names are the trademarks of their respective owners. Refer to the Instructions for Use for a complete listing of the indications, contraindications, warnings, and precautions. Information in this document is not a substitute for the product Instructions for Use. Not all products may be available in all countries. Please contact your local representative.
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Contacts:
Teleflex
Lawrence Keusch
Vice President, Investor Relations and Strategy Development
[email protected]
610-948-2836