TELEFLEX (TFX) Company Report

Stuart Randle appointed Interim President and CEO, effective January 8, 2026, succeeding Liam Kelly.
Dr. Stephen Klasko named Chairman of the Board as part of the Board’s leadership changes.
Board has engaged Spencer Stuart to lead the search for a permanent Chief Executive Officer.
Preliminary full-year 2025 revenue guidance revised to $3.270 billion–$3.278 billion (prior: $3.305 billion–$3.320 billion) due to softer demand for intra-aortic balloon pumps and catheters and OEM order delays.

3 days ago

8-K

Teleflex Announces Interim CEO and Updates FY2025 Revenue

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CEO Change

Board Change

Guidance Update

Appointed Stuart Randle as Interim President & CEO and Dr. Stephen Klasko as Chairman; Board has engaged Spencer Stuart to lead the search for a permanent CEO.
Provided preliminary FY2025 revenue outlook of $3.270 billion to $3.278 billion, down from prior guidance of $3.305 billion to $3.320 billion due to softer demand and order delays.
Scheduled to report full Q4 and FY2025 results in late February/early March 2026.

3 days ago

Press Release

Teleflex announces sale of acute care, interventional urology and OEM businesses

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M&A

Share Buyback

Teleflex entered into definitive agreements to sell its Acute Care and Interventional Urology businesses to Intersurgical Ltd and its OEM business to Montagu and Kohlberg for a combined $2.03 billion in cash, subject to closing adjustments.
Under the agreements, the company expects to receive approximately $1.5 billion for the OEM business and $530 million for the Acute Care and Interventional Urology businesses, yielding net proceeds of about $1.8 billion after tax.
The transactions are expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions.
Teleflex’s Board has authorized a new $1 billion share repurchase program, to be primarily funded with proceeds from these sales.

Dec 9, 2025, 10:08 PM

8-K

Teleflex to sell Medical OEM unit to Montagu and Kohlberg

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M&A

Management Change

Teleflex agreed to sell its Medical OEM unit to Montagu and Kohlberg for $1.5 billion, with closing expected in H2 2026
Teleflex Medical OEM is a leading contract developer and manufacturer with seven facilities across the U.S., Mexico, and Ireland
Upon closing, Greg Stotts will become Chief Executive Officer of the standalone company
Montagu and Kohlberg will apply their carve-out expertise and healthcare investment track record to drive the unit’s growth

Dec 9, 2025, 2:20 PM

Press Release

Teleflex announces sale of Acute Care, Interventional Urology, and OEM businesses

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M&A

Share Buyback

Teleflex agreed to sell its Acute Care and Interventional Urology units to Intersurgical Ltd and its OEM business to Montagu and Kohlberg for $2.03 billion in cash.
The OEM business sale is valued at $1.5 billion and the Acute Care and Interventional Urology units at $530 million, with expected closing in 2H 2026.
Net proceeds are estimated at $1.8 billion after tax, which Teleflex intends to use for debt reduction and shareholder returns.
The company also authorized up to $1 billion in share repurchases, primarily funded by sale proceeds.

Dec 9, 2025, 2:04 PM

Press Release

Teleflex outlines RemainCo focus and Nuco sale strategy at Jefferies London Healthcare Conference

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M&A

New Projects/Investments

Teleflex is pursuing the separation of Nuco via spin or sale, prioritizing a sale due to strong inbound interest, with potential transaction execution expected before mid-2026.
The proposed RemainCo will simplify operations from 7 to 3 business units and from 19 to 7 manufacturing sites, targeting mid-single digit growth, ~5% R&D spend, and improved margins; BIOTRONIK VI contributed ~7% growth in its first year.
Integration of BIOTRONIK’s interventional portfolio (50% Europe, 25% US, 25% Asia) provides geographic and product synergies in complex PCI, peripheral products, and optional scaffold technology Freesolv (Biomag 2 readout in late 2027).
The global balloon pump business saw accelerated share gains but slowed earlier than expected in Q3; full-year 2025 revenue forecast revised from $110M to $80M, with long-term outlook unchanged.
Pricing headwinds eased: tariff impact reduced from $55M to $26M in 2025 via increased USMCA compliance (from 50% to 70%); China volume-based procurement now covers almost the entire portfolio, with growth bottom in Q1 improving through Q3 and recovery expected by year-end.

Nov 18, 2025, 10:00 AM

Transcript

Teleflex prioritizes sale of NewCo over spin at Jefferies Conference

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M&A

Teleflex is prioritizing a sale of NewCo rather than a spin and expects the transaction could close before mid-2026, with the spin remaining as a fallback to maximize shareholder value.
RemainCo will be streamlined to three global business units and seven manufacturing sites, targeting mid-single digit growth (approximately 5% in 9M25 ex-VBP), bolstered by the BIOTRONIK VI acquisition which grew ~7% in its first full-year under Teleflex.
The BIOTRONIK VI integration enhances Teleflex’s complex PCI offerings, expands geographic reach in Europe and Asia, and adds a pipeline scaffold (Freesolve) undergoing BIOMAG-II and BIOMAG-III studies.
RemainCo’s gross margins are expected to exceed Teleflex’s current levels, with operating margins on par, despite initial stranded costs which will be offset by transitional service agreements post-sale.
Teleflex mitigated a $55 million tariff impact to ~$26 million through China tariff reductions and USMCA content increases to 70%, and has largely completed China volume-based procurement across RemainCo’s portfolio.

Nov 18, 2025, 10:00 AM

Transcript

Teleflex outlines growth strategy for acquired vascular intervention business

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M&A

Teleflex acquired BIOTRONIK’s vascular intervention business on June 30, 2025, combining it with its interventional unit to offer a comprehensive coronary and peripheral portfolio and capture synergies in engineering, manufacturing, and commercial execution.
The combined portfolio includes the Orsiro Mission drug-eluting stent, Pantera Lux and Paseo 18 Lux drug-coated balloons, and the FreeSolve resorbable magnesium scaffold, with VI revenues split roughly 50% EMEA, 25% North America, and 25% Asia-Pacific; US DCB launches are planned in coming years.
The FreeSolve RMS pipeline features Biomag 1 three-year data showing 3.5% target lesion failure, Biomag 2 CE trial >50% enrolled (1-year results by end 2027), Biomag LL enrolling in Europe/Asia, and Biomag 3 US pivotal in finalization; below-the-knee RMS holds FDA breakthrough designation.
The North American vascular intervention sales team is being expanded by approximately 50%, leveraging Teleflex’s existing cath-lab relationships to cross-sell and increase market access globally.
The VI business grew ~6% in the first quarter of ownership and is expected to sustain 6%+ annual growth, with operating-margin expansion as synergies and efficiencies are realized.

Nov 14, 2025, 1:00 PM

Transcript

Teleflex provides Vascular Intervention business update

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Teleflex’s Vascular Intervention business addresses a $6.4 bn Coronary VI market (mid single-digit % growth) and a $3.6 bn Peripheral VI market (high single-digit % growth).
The strategy rests on four growth drivers: underlying organic market growth, expanded market and account access, a differentiated product portfolio, and strong customer engagement and education.
The R&D pipeline is expected to add $1.0 bn in coronary VI and $3.1 bn in peripheral VI market value by 2033.
In 2024, Vascular Intervention sales were split 53% EMEA, 21% Americas, 26% APAC, with 73% from Coronary and 26% from Peripheral products (VRT <1%).

Nov 14, 2025, 1:00 PM

Presentation

Teleflex outlines Vascular Intervention acquisition and growth strategy

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M&A

Revenue Acceleration/Inflection

New Projects/Investments

Teleflex acquired BIOTRONIK’s Vascular Intervention business on June 30, 2025, creating a combined portfolio spanning coronary and peripheral devices, including drug-eluting stents, drug-coated balloons, and resorbable magnesium scaffolds (RMS).
By 2050, global coronary heart disease incidence is projected to grow 116% to 67.3 million, prevalence 80% to 510 million, and peripheral vascular disease incidence 220% to 360 million, driving demand for advanced interventional therapies.
Integration synergies include expanding the North American sales force by ~50% and leveraging Teleflex’s complex PCI relationships, contributing to a 7% revenue increase last quarter driven by covered stents and DCBs.
R&D pipeline highlights BIOMAG-I data with a 3.5% target lesion failure rate at three years for Freesolve RMS, ongoing BIOMAG-II and CE/US trials, and new DES, DCB, and peripheral devices such as Coya ultra-high-pressure and iliac covered stents.