News | Hemostasis Management | February 08, 2021

Teleflex Acquires Hemostatic Products Vendor Z-Medica

Teleflex Acquires Hemostatic Products Vendor Z-Medica

February 8, 2021 — Teleflex Inc. said it recently completed its acquisition of Z-Medica LLC, an industry-leading manufacturer of hemostatic products.

Z-Medica is a medical device manufacturer based in Wallingford, Conn., that is focused on the development, sale and marketing of innovative hemorrhage control products. For over a decade, Z-Medica has helped hospitals, militaries, law enforcement, first responders and consumers around the globe save lives and improve medical outcomes with their QuikClot brand of products which are manufactured in the United States. 

The company also sells the QuickClot to achieve hemostasis at arterial access sites for interventional cardiology procedures. 

On Oct. 28, 2020, Teleflex announced a definitive agreement to acquire Z-Medica. Under the terms of the agreement, Teleflex will acquire Z-Medica for an upfront cash payment of $500 million at closing, and up to an additional $25 million upon the achievement of certain commercial milestones. Teleflex acquired certain tax attributes in the transaction that are expected to result in future tax benefits. Teleflex valued these tax attributes at approximately $40 million in arriving at our purchase price.

The transaction is expected to contribute between $60 million and $70 million of revenue and between $0.07 and $0.15 in adjusted earnings per share in fiscal year 2021 (excluding non-recurring purchase accounting items and other acquisition and integration related costs). Beyond 2021, the Company expects the acquisition to deliver a high-single digit revenue growth profile and further accretion to adjusted earnings per share.

For more information: teleflex.com, www.QuikClot.com and www.Z-Medica.com 
 

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