M&A Deal Summary

Teleflex Acquires Z-Medica

On October 28, 2020, Teleflex acquired medical products company Z-Medica from DW Healthcare Partners and Linden Capital Partners

Acquisition Highlights
  • This is Teleflex’s 20th transaction in the Medical Products sector.
  • This is Teleflex’s 18th transaction in the United States.
  • This is Teleflex’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2020-10-28
Target Z-Medica
Sector Medical Products
Buyer(s) Teleflex
Sellers(s) DW Healthcare Partners
Linden Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Truist Securities (Financial)
Kirkland & Ellis (Legal)

Target

Z-Medica

Wallingford, Connecticut, United States
Z-Medica LLC is a medical device company that develops, manufactures, and markets innovative hemostatic agents including the QuikClot family of products that rapidly enhance the body's natural coagulation process. Z-Medica LLC was founded in 2002 and is based in Wallingford, Connecticut.

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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 26 of 28
Sector (Medical Products) 20 of 21
Type (Add-on Acquisition) 22 of 24
State (Connecticut) 1 of 1
Country (United States) 18 of 19
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 IWG High Performance Conductors

Inman, South Carolina, United States

IWG High Performance Conductors, Inc. (dba as HPC) is a manufacturer of specialty high-performance conductors for aerospace, medical, automotive, computer, telecommunications, mass transportation, geophysical and electronics markets. HPC has manufacturing operations in Inman, South Carolina and Trenton, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Hudson RCI

Research Triangle Park, North Carolina, United States

Hudson RCI is a manufacturer and marketer of disposable medical products utilized in the respiratory and anesthesia segments of the worldwide healthcare markets.

Sell -

Seller(S) 2

SELLER

DW Healthcare Partners

Park City, Utah, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

DW Healthcare Partners is a healthcare-focused private equity firm that partners with owners of mid-to late-stage companies. DW looks to invest in private, North American companies, primarily in the medical device, product, services, and specialty distribution sectors of healthcare. DW will invest from $20 to $100 million of equity capital to help facilitate growth or to fund acquisitions. DW looks for high-growth businesses with at least $6 million in EBITDA and prefers to be the majority investor. DW Healthcare Partners was formed in 2002 and is based in Ontario, Canada.


DEAL STATS #
Overall 16 of 21
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 10 of 12
State (Connecticut) 1 of 1
Country (United States) 16 of 21
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Caregiver

Fort Worth, Texas, United States

Caregiver is a provider of community-based services to the I/DD community in Texas. It provides a full continuum of services including supported living, residential habilitation, licensed homes, host-home services, day habilitation, and in-home supports. Caregiver is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 CareXM

Lehi, Utah, United States

CareXM is a provider of virtual care and patient engagement solutions for post-acute and non-acute healthcare providers. CareXM’s patient engagement platform and virtual care offerings, including clinical nurse triage, are used by home health and hospice providers, physician practices, hospitals, and many other care providers across the United States. CareXM was founded in 2020 and is based in Lehi, Utah.

Buy -
SELLER

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 21 of 27
Sector (Medical Products) 6 of 6
Type (Add-on Acquisition) 10 of 12
State (Connecticut) 1 of 1
Country (United States) 21 of 27
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Vital Care

Brentwood, Tennessee, United States

Vital Care is a franchisor of home infusion services. Vital Care serves the medical needs of a wide range of patients, including those with chronic and acute conditions. Home infusion therapy involves the intravenous or subcutaneous administration of drugs or biologicals to patients at home. Vital Care was founded in 1986 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Specialty Networks

Cleveland, Ohio, United States

Specialty Networks is a technology-enabled group purchasing organization (GPO) that serves independent specialty medical practices, pharmaceutical companies, and medical device companies. Specialty Networks’ service offerings include UroGPO, a urology-specific GPO and provider of educational programs for providers, PPS Analytics, a clinical and business intelligence company serving providers and industry partners, GastroGPO, a gastroenterology-specific GPO, United Rheumatology, a rheumatology-specific GPO, and SN Research, a decentralized clinical research platform. Specialty Networks was founded in 2018 and is headquartered in Cleveland, Ohio.

Buy -