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Teleflex Completes Acquisition Of Palette Life Sciences

Oct 10, 2023•about 2 years ago

Acquiring Company

Teleflex

Acquired Company

Palette Life Sciences

WayneBiotechnologyHealth Care

Description

Teleflex Incorporated (NYSE:TFX), a leading global provider of medical technologies, today announced that it has completed the previously announced acquisition of Palette Life Sciences AB. The acquisition adds Barrigel®, a biodegradable sculptable rectal spacer, to Teleflex’s Interventional Urology portfolio. Barrigel® is a Non-Animal Stabilized Hyaluronic Acid (NASHA) spacer designed to reduce radiation delivered to the rectum during prostate cancer radiation therapy, while increasing tumor control and patient quality of life.1 The Palette Life Sciences portfolio also includes Deflux® and Solesta®, which are NASHA based tissue bulking agents designed to treat pediatric vesicoureteral reflux and fecal incontinence, respectively.

Company Information

Company

Teleflex

Location

Wayne, Pennsylvania, United States

About

Teleflex is a global provider of medical technologies designed to improve the health and quality of people's lives. The company specializes in vascular intervention, surgical instruments, and anesthesia technologies. Teleflex is committed to investing in innovative solutions to enhance patient care and outcomes. They operate in numerous markets worldwide.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed