Teleflex Acquires Standard Bariatrics
August 22, 2022
Teleflex Incorporated agreed to acquire Standard Bariatrics, Inc. for $170 million in upfront cash with up to $130 million in additional milestone-based consideration. The deal expands Teleflex's surgical portfolio with the Titan SGS powered stapling technology for sleeve gastrectomy; the acquisition was expected to close in early Q4 2022 and Standard Bariatrics' 2022 revenue was ~ $15 million.
- Buyers
- Teleflex Incorporated
- Targets
- Standard Bariatrics, Inc.
- Industry
- Medical Devices
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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