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Teleflex Inc To Acquire Vidacare Corporation

Tuesday, 29 Oct 2013 05:00pm EDT 

Teleflex Incorporated announced that it has entered into a definitive agreement to acquire privately-held Vidacare Corporation, the provider of intraosseous (IO), or inside the bone, access devices. The transaction, which Teleflex intends to initially fund with borrowings under its revolving credit facility, is valued at $262.5 million, net of cash acquired. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed late in the fourth quarter of 2013. 

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