Teleflex to Acquire Vascular Solutions

Teleflex (NYSE:TFX) today announced it has entered into a definitive agreement to acquire Vascular Solutions (NASDAQ:VASC). The deal is worth approximately one billion dollars.
According to the press release:

“The addition of Vascular Solutions will greatly enhance Teleflex’s presence in the interventional cardiology, interventional radiology, and peripheral vascular markets. The combined company will offer more than 150 cardiac, vascular, and interventional access products.”

Benson Smith, CEO of Teleflex, said the following:

“While we believe Vascular Solutions has compelling growth opportunities as they continue to build their business with their existing product portfolio, we look forward to potential longer-term tailwinds as we benefit from their robust R&D pipeline and our international distribution network moving forward.”

Read the full press release here.