Telefex Acquires Bariatric Stapling Technology Innovator – Business
Image: Titan SGS’ first-of-its-kind design ensures more consistent staple formation (Photo courtesy of Standard Bariatrics)
Teleflex Incorporated (Wayne, PA, USA) has entered into a definitive agreement to acquire Standard Bariatrics, Inc. (Cincinnati, OH, USA) which has commercialized an innovative powered stapling technology for bariatric surgery. Under the terms of the agreement, Teleflex will acquire Standard Bariatrics for an upfront cash payment of USD 170 million at closing, with additional consideration of up to USD 130 million payable upon the achievement of certain commercial milestones.
The Titan SGS from Standard Bariatrics addresses unmet needs in sleeve gastrectomy by offering surgeons the longest continuous staple cutline of 23 centimeters. This first-of-its-kind stapler may help users achieve more consistent and symmetrical sleeve pouch anatomy, setting their patients up for optimized outcomes. While every patient's anatomy is different, the Titan SGS long staple line enables surgeons to plan and place staples in one firing, minimizing variations sometimes associated with the use of multiple overlapping short-cartridge staple firings. Additionally, the design may result in a more secure staple line and fewer chances of leaks, as evidenced with higher burst pressures.
“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,” said Liam Kelly, Chairman, President and Chief Executive Officer. “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 120,000 procedures annually in the U.S. 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.”
Founded in 1943, Teleflex has grown from an operating company focused on engineering to a pureplay medical device company through a series of acquisitions.
2020 Z-Medica - General & plastic surgery; general hospital & healthcare supply; wound management
2018 Essential Medical - Cardiology
2017 Neotract - Urology; wound management
2017 Pyng Medical - Drug delivery; obstetrics & gynecology
2017 Vascular Solutions - Cardiology; general hospital & healthcare supply; wound management
2016 Nostix - Drug delivery
2015 Truphatek International- Endoscopy
2014 Mayo Healthcare - Distribution company
2014 Mini-Lap Technologies - General & plastic surgery
2013 Vidacare - Drug delivery; general & plastic surgery; patient monitoring
2013 Innolap Surgical - Endoscopy; general & plastic surgery
2013 Ultimate Medical - Anesthesia & respiratory
2013 Eon Surgical - Endoscopy; general & plastic surgery
2012 LMA International - Anesthesia & respiratory
2012 Hotspur Technologies - Cardiology; drug delivery
2012 Semprus Biosciences - Drug delivery; in vitro diagnostics
2012 Axiom Technology Partners - Endoscopy
2007 Arrow International - Vascular access products
2004 Hudson RCI - Respiratory therapy products
1994 General Medical OEM Division – OEM design and development
1993 Edward Weck Incorporated - Surgical instruments
1991 Pilling - Surgical instruments
1989 Willy Rusch AG - Medical devices for diagnostic and therapeutic procedures
Related Links:
Teleflex Incorporated
Standard Bariatrics, Inc.
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