Teleflex to Sell Acute Care, Urology, and OEM Businesses for $2.03 Billion.

Teleflex Incorporated has agreed to sell its Acute Care, Interventional Urology, and OEM businesses to Intersurgical Ltd and Montagu and Kohlberg for $2.03 billion in cash. The sale is part of Teleflex's strategy to optimize its portfolio and focus on critical care and high acuity hospital markets. The deal establishes Teleflex as a more focused medical technologies leader with complementary businesses in Vascular Access, Interventional, and Surgical.