Teleflex Acquires Standard Bariatrics for $170m

Teleflex, a $2.8b producer of single-use devices for diagnostic, critical care and surgical applications, is buying Standard Bariatrics, a developer of a powered stapling technology for bariatric surgery.  Standard Bariatrics has commercialized its stapler platform which enables surgeons to place continuous staples in one firing, minimizing variations associated with multiple overlapping short-cartridge staple firings.  The device is used in sleeve gastrectomy, a surgical weight-loss procedure.  There are an estimated 120,000 sleeve gastrectomy procedures performed annually in the U.S.  Deal terms – $170m upfront plus milestones of up to $130m on sales of $15m (11.3x).

Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Medical Devices, Surgical Devices