Teleflex

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Teleflex Incorporated
Public
Traded as NYSETFX
Industry medical device manufacturing
Headquarters Wayne, Pennsylvania, United States
Area served
150 countries (Global)
Key people
Revenue US$1.696 billion as of December 31, 2013
Total assets
  • DecreaseUS$4,209,007,000 (2013)
  • US$3,733,687,000 (2012)
Total equity
  • DecreaseUS$1,916,016,000 (2012)
  • US$1,781,537,000 (2011)
Website www.teleflex.com
Footnotes / references
[1]

Teleflex Incorporated (NYSETFX), headquartered in Wayne, Pennsylvania, is a provider of specialty medical devices for a range of procedures in critical care and surgery. Teleflex has annual revenues of $1.7 billion, operations in 40 countries, and more than 11,000 employees.[2] As of 2012, the chairman and CEO of the company was Benson F. Smith.[1] By 2011, the company had substantially realigned to focus on its current business of medical-device manufacture, having undergone several years of active acquisitions and divestitures.[1]

History[edit]

In March 2009, Teleflex sold its marine and industrial instrumentation (gauge) business to Veethree, and planned to exit its Lakewood Ranch, Florida facility.[3] Veethree subsequently continued production of former Teleflex products at its Manatee County, Florida facility and hired approximately 50 workers from Teleflex.[3]

In March 2011, Teleflex sold its marine division, Teleflex Marine, to H.I.G. Capital. [4]

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.[5]

Patent case[edit]

It 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.

References[edit]

  1. ^ a b c Benson F. Smith; Thomas E. Powell (31 July 2012), Form 10-Q, United States Securities and Exchange Commission, retrieved September 9, 2012 
  2. ^ Corporate-IR.net
  3. ^ a b "Veethree Electronics establishes global facility in Manatee", Tampa Bay Business Journal, April 1, 2009, bizjournals.com, retrieved September 9, 2012 
  4. ^ "H.I.G. Capital Announces Acquisition of Teleflex Marine". HIG Capital. 2011-03-22. Retrieved 2011-03-22. 
  5. ^ John George (August 14, 2012), "Teleflex buying LMA International for $276M", Philadelphia Business Journal, bizjournals.com, retrieved September 9, 2012 

External links[edit]