12.04.13
Limerick, Pa.-based Teleflex Inc. has completed its acquisition of San Antonio, Texas-based Vidacare Corporation, a provider of intraosseous (inside the bone) 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.
The acquisition is valued at $262.5 million plus Vidacare’s net cash.
“Our agreement with Teleflex, which is an all cash transaction, represents an attractive valuation for Vidacare and provides liquidity to our shareholders,” said Mark Mellin, Vidacare’s president and CEO, in October when the merger was announced. “I believe that this merger represents a unique opportunity for the combined companies to strategically expand and grow Vidacare’s intraosseous access technology platform.”
Teleflex makes devices for a range of procedures in critical care and surgery.
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.
The acquisition is valued at $262.5 million plus Vidacare’s net cash.
“Our agreement with Teleflex, which is an all cash transaction, represents an attractive valuation for Vidacare and provides liquidity to our shareholders,” said Mark Mellin, Vidacare’s president and CEO, in October when the merger was announced. “I believe that this merger represents a unique opportunity for the combined companies to strategically expand and grow Vidacare’s intraosseous access technology platform.”
Teleflex makes devices for a range of procedures in critical care and surgery.