Healthcare Industry News: KMedic
News Release - April 11, 2007
Teleflex Acquires Specialized Medical Device Business
Expands OEM business with additional product offerings for orthopedic and spine marketsLIMERICK, Pa.--(HSMN NewsFeed)--Teleflex Incorporated (NYSE:TFX ) announced today that it has acquired the assets of HDJ Company, Inc. (HDJ) and its wholly owned subsidiary, Specialized Medical Devices, Inc. (SMD), a provider of engineering and manufacturing services to medical device manufacturers. The transaction adds another well respected line of medical components, devices, implants and instruments used primarily in orthopedic procedures to the Teleflex Medical portfolio. In 2006, HDJ's annual revenues for these product lines were approximately $14 million. The terms of the agreement were not disclosed.
"We are excited about the potential created by combining the expertise and capabilities of SMD with the Teleflex Medical OEM business," commented Ernest Waaser, president, Teleflex Medical. "Combining the SMD brand with our Beere and KMedic lines strengthens and extends our product offerings for the orthopedic and spine markets and creates the opportunity to provide medical device manufacturers worldwide with a more complete range of products and services."
Mary Burton, president of HDJ/SMD added, "In joining Teleflex, SMD becomes part of an organization that shares with us a history of manufacturing excellence and a commitment to customer service. Together, we can expand the market for our products and services and better serve our existing customers."
About HDJ/SMD
Founded over 40 years ago, HDJ/SMD has become a well respected provider of engineering and manufacturing services for the industry's leading medical device manufacturers. Known as Specialized Medical Devices, Inc. (SMD), the company employs approximately 140 people in its Lancaster, PA, location. SMD provides a full range of prototyping, engineering and testing services along with full scale production machining, assembly and contract packaging.
About Teleflex Medical
Teleflex Medical, a division of Teleflex Incorporated with 2006 revenues of over $850 million, is a leading global supplier of disposable medical products, surgical instruments and medical devices. The division supports health providers along the continuum of care in three main areas:
- Devices for sleep therapy, respiratory care, anesthesia and urology
- Instruments, medical devices and specialty suture used in surgery
- Design and manufacture of specialty products for medical device manufacturers
Teleflex Medical markets healthcare supplies under the HudsonRCI® and Rusch® brand names and surgical instruments and medical devices under the Beere®, Deknatel®, KMedic®, Pilling®, Taut® and Weck® brands.
About Teleflex Incorporated
Teleflex Incorporated (NYSE:TFX ) is a diversified company with revenues of $2.6 billion in 2006. Teleflex designs, manufactures and distributes quality-engineered products and services for the automotive, medical, aerospace, marine, and industrial markets worldwide. Headquartered in Limerick, PA, with operations in 23 countries, Teleflex employs more than 19,000 people worldwide who focus on providing innovative solutions for customers. Additional information about Teleflex can be obtained from the Company's website on the Internet at www.teleflex.com.
Forward-looking information:
Statements in this news release, other than historical data, are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties that could cause actual results to differ from those contemplated in the statements. These factors are discussed in the company's Securities and Exchange Commission filings.
Source: Teleflex Medical
Issuer of this News Release is solely responsible for its
content.
Please address inquiries directly to the issuing company.
