Teleflex completed the acquisition of Standard Bariatrics for $300m.

Teleflex, a global provider of medical technologies, completed the acquisition of Standard Bariatrics, a producer of series of surgical disposable tools, for $300m. “Teleflex’s strategy is to invest in innovative products and technologies that can meaningfully enhance clinical efficacy, patient safety and comfort, reduce complications, and lower the overall cost of care. The acquisition of Standard Bariatrics adds an exciting and differentiated product serving the large and growing sleeve gastrectomy market, which we estimate to be approximately 120k procedures5 annually in the US In addition, the deal enables Teleflex to leverage our strength in our existing bariatric surgeon call point, with a differentiated product that complements many of our key surgical products, including our ligation portfolio, MiniLap Percutaneous Surgical System and Weck EFx Fascial Closure Portfolio," Liam Kelly, Teleflex Chairman, President and CEO.