Teleflex

Teleflex was founded in 1943.{{Cite web|url=https://www.teleflex.com/usa/en/about-us/history/|title=History of Teleflex (company website)|date=June 2019}} Over time the business expanded into a conglomerate operating in multiple markets, often through acquisitions, such as:

• Franklin Medical Ltd (1985)
• Warne Surgical Products Ltd (1985)
• Willy Rüsch AG (1989)
• Pilling (1991)
• Access Surgical (1993)
• Nextex (1993)
• Unimed (1994)
• General Medical OEM Division (1994)
• Europe Medical (1994)
• Fehling (1994)
• Simal (1994)
• Endoscopy Specialists, Inc. (1995)
• Asid Bonz (1996)
• Comcorp Technologies, Inc. (1997)
• Z-Medica (2020)Tom Mueller. "[https://www.nytimes.com/2023/07/26/books/in-the-blood-charles-barber.html A Fight to Save Soldiers, From the Lab to the Battlefield]". The New York Times, July 26, 2023.

In general these acquisitions moved the business further into the design, build and supply of medical devices, a move that had begun in 1981 with the construction of the Applied Polymer plant in New Hampshire. Several acquisitions were not in line with this strategy. Comcorp, for example, was a supplier of pedals and other components for passenger cars and light-duty trucks {{cite web|url=http://www.prnewswire.com/news-releases/teleflex-acquires-comcorp-technologies-inc-75625772.html|title=Teleflex Acquires Comcorp Technologies, Inc.|publisher=PR Newswire|date=1997-05-16|access-date=2017-06-08}} and Nextex a fiber-optic communications business.

Refocus on the medical device sector began in March 2009 when Teleflex sold its marine and industrial instrumentation (gauge) business to Veethree, and planned to exit its Lakewood Ranch, Florida facility.{{Citation |publication-date=April 1, 2009 |title=Veethree Electronics establishes global facility in Manatee |periodical=Tampa Bay Business Journal |at=bizjournals.com |url=http://tampabay.bizjournals.com/tampabay/stories/2009/03/30/daily43.html |access-date=September 9, 2012 }} Veethree subsequently continued production of former Teleflex products at its Manatee County, Florida facility and hired approximately 50 workers from Teleflex.

In March 2011, Teleflex sold its marine division, Teleflex Marine, to H.I.G. Capital.{{cite web|url=http://higcapital.com/news/release/57|title=H.I.G. Capital Announces Acquisition of Teleflex Marine|publisher=HIG Capital|date=2011-03-22|access-date=2011-03-22}}

In August 2012, Teleflex substantively finalized an agreement to acquire all assets of the medical device maker LMA International, thereby expanding the company's anesthesia device franchise.{{Citation |author=John George |publication-date=August 14, 2012 |title=Teleflex buying LMA International for $276M |periodical=Philadelphia Business Journal |at=bizjournals.com |url=http://www.bizjournals.com/philadelphia/news/2012/08/14/teleflex-buying-lma-international-for.html |access-date=September 9, 2012 }}

In December 2013, Teleflex completed the acquisition of Vidacare Corporation, integrating Vidacare's intraosseous EZ-IO and OnControl medical devices into Teleflex's Arrow product line.{{cite web |url=http://www.vidacare.com/Customer-Vidacare-Aquisition-Letter-ONCONTROL-2013.pdf |title=Vidacare customer acquisition letter |author=Strong, S. |publisher=Vidacare Corporation |date=2 December 2013 |access-date=29 February 2016}}{{cite web |url=https://finance.yahoo.com/news/teleflex-completes-vidacare-acquisition-190003248.html |title=Teleflex Completes Vidacare Acquisition |author=Zacks Equity Research |work=Yahoo! Finance |publisher=Yahoo! Inc |date=4 December 2013 |access-date=29 February 2016}}

On September 5, 2017, Teleflex announced that it had entered into a definitive agreement to acquire NeoTract in a transaction valued at up to $1.1B USD. Under the terms of the agreement, Teleflex will acquire NeoTract for an up-front cash payment of $725M USD and up to an additional $375M USD contingent on the achievement of certain sales-related commercial milestones through December 31, 2020. The transaction was unanimously approved by the Boards of Directors for both Teleflex and NeoTract.{{Cite web|url=https://urolift.com/teleflex-incorporated-to-acquire-neotract/|title=Teleflex Incorporated to Acquire NeoTract {{!}} UroLift|website=urolift.com|date=5 September 2017|language=en-US|access-date=2017-11-21}}

On January 18, 2019, S&P Dow Jones Indices added Teleflex to its S&P 500 stock market index. The company replaced PG&E in the index, a gas and power company, after the utility company announced it would declare bankruptcy on January 14, 2019.{{cite web|url=https://www.marketwatch.com/story/teleflex-to-replace-pge-in-the-sp-500-on-friday-2019-01-15|title=Teleflex to replace PG&E in the S&P 500 on Friday|publisher=Market Watch|date=2019-01-15|access-date=2020-01-06}}

On March 24, 2025, S&P Dow Jones Indices removed Teleflex from its S&P 500 stock market index.{{Cite web |title=DoorDash, TKO Group Holdings, Williams-Sonoma and Expand Energy Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600 |url=https://press.spglobal.com/2025-03-07-DoorDash,-TKO-Group-Holdings,-Williams-Sonoma-and-Expand-Energy-Set-to-Join-S-P-500-Others-to-Join-S-P-100,-S-P-MidCap-400-and-S-P-SmallCap-600 |access-date=March 25, 2025 |website=S&P Global}}

Teleflex was a party in the KSR v. Teleflex patent case decided by the Supreme Court of the United States concerning the issue of obviousness as applied to patent claims.

In September 2018, the Irish Times revealed that Teleflex had created a new single malt Irish corporate tax avoidance scheme in July 2018.{{cite web|url=https://www.irishtimes.com/business/economy/ireland-s-single-malt-still-aiding-tax-avoidance-1.3640062|title=Ireland's 'single malt' still aiding tax avoidance|publisher=The Irish Times|author=Peter Hamilton|date=26 September 2018|quote=Prior to opening a single malt structure, Teleflex operated a double Irish tax structure, according to Christian Aid. “Since Teleflex set up its double-Irish structure, through this and [presumably] other tax strategies its global effective tax rate has dropped to just over 3 per cent,” the NGO flagged.}} The article noted that Teleflex had previously used a double Irish Irish corporate tax avoidance scheme, and that such tax schemes had contributed to the Teleflex aggregate corporate tax rate falling to circa 3%.

{{Reflist}}

• {{Official website|https://www.teleflex.com}}

{{Finance links

| name = Teleflex Incorporated

| symbol = TFX

| reuters = TFX.N

| sec_cik = 96943

| yahoo = TFX

| google = TFX:NYSE

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Category:Companies listed on the New York Stock Exchange

Category:Medical technology companies of the United States

Category:Manufacturing companies based in Pennsylvania