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Teleflex boosts urology presence

September 6, 2017HME News Staff

WAYNE, Pa. - Teleflex will buy NeoTract for $1.1 billion in a move that significantly expands its urological product offerings, the company announced Sept. 5. NeoTract, maker of the UroLift System, had revenues of about $51 million in 2016 compared to about $18 million in 2015, representing 178% year-over-year growth. For 2017, NeoTract expects revenues to be between $115 million and $120 million, and for 2018, it expects them to grow at least 40%. “This combination is expected to solidify...

Mergers & Acquisitions (M&A), NeoTract, Teleflex, Urology

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