Teleflex to Acquire Vascular Solutions

December 2, 2016—Teleflex Incorporated and Vascular Solutions, Inc. announced that the companies have entered into a definitive agreement under which Teleflex will acquire Vascular Solutions in a transaction valued at approximately $1 billion.

Founded in 1997, Vascular Solutions began developing solutions for minimally invasive coronary and peripheral vascular procedures. The company’s product line consists of more than 90 products and services for interventional cardiologists, interventional radiologists, electrophysiologists, and vein specialists.

The combined company will offer more than 150 cardiac, vascular, and interventional access products. Additionally, Vascular Solutions brings a pipeline of new and next-generation products that will address complex interventions, radial artery catheterizations, and embolization procedures.

Under the terms of the agreement, Teleflex will acquire all of the issued and outstanding shares of Vascular Solutions common stock for $56 per share, in cash. The Boards of Directors of both Teleflex and Vascular Solutions have unanimously approved the transaction, which is subject to the approval of Vascular Solutions’ shareholders and the satisfaction of customary closing conditions. The transaction expected to close during the first half of 2017.