Teleflex Inc, is giving the impression it’s been drinking a lot of Red Bull this week as it announces “another” acquisition. Following the announcement that it is to buy Israeli microlaparoscopy business Eon Surgical, it has now snapped up the assets of Ultimate Medical and its affiliates. The terms of the deal have not been disclosed at this time.
Ultimate Medical is described as a leading supplier and innovator of airway management devices with a portfolio of patented products and a full range of laryngeal mask airways.
Teleflex has had a development partnership with Ultimate Medical since April 2010 related to the integration of cuff pressure technology into some products and currently distributes Ultimate’s portfolio of laryngeal masks in select international markets.
Ultimate Medical developed the Cuff Pilot™, the world’s first integrated cuff pressure indicator for single-use airway management devices. This novel technology is a single-use device and it provides constant inside-the-cuff pressure indication, allowing for at-a-glance clinical assessments.
The Cuff Pilot technology is currently used with Ultimate Medical’s portfolio of laryngeal masks and has potential application for use with Teleflex’s market leading brand of LMA™ laryngeal masks.
In addition to the Cuff Pilot technology, the acquisition of Ultimate Medical further supports Teleflex’s strategy to grow global supraglottic airway procedural usage by expanding their LMA™ portfolio to include a full range of silicone laryngeal masks and other complimentary products. The transaction also brings innovative technologies and intellectual property that is expected to bring value to Teleflex outside of the airway management device portfolio.
“We consider the acquisition of Ultimate Medical to be a perfect match,” said Liam Kelly, Executive Vice President, President, International. Added Kelly, “The acquisition of Ultimate Medical was a logical step after we acquired The Laryngeal Mask Company and its affiliates last year. This acquisition provides Teleflex with additional innovative, and cost-effective, airway management options for our customers and underscores our commitment to leadership in airway management medical devices.”
Source: Teleflex, Inc., Business Wire