US-based company Teleflex and its subsidiaries Teleflex Urology Limited and Naples Merger Sub Inc have signed a definitive agreement to acquire NeoTract Inc.

Medical device firm NeoTract Inc is also located in the US.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The purchase consideration for the acquisition is agreed to be $1.1bn, of which $725m will be paid upfront at completion and the remaining will be based on the achievement of certain sales-related milestones until the end of 2020.

“The acquisition is also expected to help enhance the acquirer company’s diagnostic imaging equipment sales and service capabilities in the Mid-Atlantic region.”

Teleflex expects the acquisition to expand its urological solutions portfolio.

Alpha Imaging LLC has acquired Medical Imaging Systems Inc with the aim of expanding into the New England states. The acquisition is also expected to help enhance the acquirer company’s diagnostic imaging equipment sales and service capabilities in the Mid-Atlantic region.

The acquirer company is a medical imaging equipment provider, while the target company is a medical device company.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Medical Device Network Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Medical Device Network Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now