M&A Deal Summary

Teleflex Acquires Vidacare

On December 4, 2013, Teleflex acquired medical products company Vidacare from Greer Capital Advisors and Telegraph Hill Partners for 263M USD

Acquisition Highlights
  • This is Teleflex’s 15th transaction in the Medical Products sector.
  • This is Teleflex’s 7th largest (disclosed) transaction.
  • This is Teleflex’s 11th transaction in the United States.
  • This is Teleflex’s 1st transaction in Texas.

M&A Deal Summary
Date 2013-12-04
Target Vidacare
Sector Medical Products
Buyer(s) Teleflex
Sellers(s) Greer Capital Advisors
Telegraph Hill Partners
Deal Type Add-on Acquisition
Deal Value 263M USD

Target

Vidacare

Shavano Park, Texas, United States
Vidacare Corp. is a provider of intraosseous (IO), or inside the bone access devices.

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Buyer(S) 1

Buyer

Teleflex

Wayne, Pennsylvania, United States
Category Company
Founded 1943
Sector Medical Products
Employees14,500
Revenue 3.0B USD (2023)
DESCRIPTION

Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 17 of 28
Sector (Medical Products) 15 of 21
Type (Add-on Acquisition) 14 of 24
State (Texas) 1 of 1
Country (United States) 11 of 19
Year (2013) 3 of 3
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Ultimate Medical Pty.

Richmond, Australia

Ultimate Medical Pty. Ltd., is a supplier and innovator of airway management devices with a portfolio of patented products and a full range of laryngeal mask airways.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Mayo Healthcare Pty.

Moorebank, Australia

Mayo Healthcare Pty. Ltd., is a medical device distributors.

Buy -

Seller(S) 2

SELLER

Greer Capital Advisors

Mountain Brook, Alabama, United States

Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Greer Capital Advisors (GCA) is a specialized, heathcare focused private equity firm that targets investments in Alabama based companies. Within healthcare, GCA looks for companies in the pharmaceutical, biotechnology, medical device, and diagnostics industries. GCA prefers early and growth stage investments and generally seeks to invest between $1 to $2 million per transaction. Greer Capital Advisors was formed in 2002 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 11 of 13
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Texas) 2 of 2
Country (United States) 11 of 13
Year (2013) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-23 VectorLogics

Birmingham, Alabama, United States

VectorLogics (VLI) is a biotechnology company focused on the development and commercialization of virus based cancer therapies and therapeutic vaccines for viral liver diseases.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-20 Egen

Huntsville, Alabama, United States

Egen, Inc., operates biopharmaceutical company focused on developing nucleic acid-based therapeutics for cancer and other difficult to treat diseases using proprietary nanoparticle delivery systems. Egen was founded in 2002 and is based in Huntsville, Alabama.

Sell -
SELLER

Telegraph Hill Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Telegraph Hill Partners is a specialist private equity firm focused on investing in later-stage life science, medical device, and healthcare companies. Prospective companies should be at or near profitability and demonstrate success. Other areas of interest within the healthcare sector include life science technologies, chemistry/reagent suppliers, and information management. Telegraph Hill Partners was formed in 2001 and is based in San Francisco, California.

DEAL STATS #
Overall 14 of 28
Sector (Medical Products) 7 of 14
Type (Add-on Acquisition) 11 of 23
State (Texas) 2 of 3
Country (United States) 14 of 27
Year (2013) 5 of 6
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 LDR Holding

Austin, Texas, United States

LDR Holding Corp. is a medical device company focused on designing and commercializing novel and proprietary surgical technologies for the treatment of patients suffering from spine disorders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Endoscopic Technologies

San Ramon, California, United States

Endoscopic Technologies, Inc. (dba Estech) was a developer and marketer of innovative surgical ablation devices that enable physicians to perform a variety of traditional and minimally invasive procedures using Estech’s proprietary temperature controlled RF energy.

Sell $34M
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