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Teleflex completes acquisition of bariatric stapling technology innovator – Business

Image: Differentiated stapling technology for bariatric surgery (Photo courtesy of Standard Bariatrics)

Teleflex Incorporated (Wayne, PA, USA), one of the world’s leading medical technology providers, completed the previously announced acquisition of Standard Bariatrics, Inc. (Cincinnati, OH, USA), which marketed a innovative electric stapling technology for bariatric surgery. On August 22, Teleflex announced that it had entered into a definitive agreement to acquire Standard Bariatrics. Under terms of the agreement, Teleflex acquired Standard Bariatrics for $170 million at closing, with additional consideration of up to $130 million payable upon the achievement of certain business milestones.

Standard Bariatrics is a provider of advanced surgical approaches that improve outcomes in bariatric surgery. By working alongside bariatric surgeons, the company has been able to grow its portfolio of solutions with medical devices that meet user needs while providing repeatable and consistent results and reducing the total cost of care. Building on the success of its Standard Clamp technology, Standard Bariatrics has further enhanced its offerings to include the Titan SGS, a transformational sleeve gastrectomy stapling device.

Standard Bariatrics’ Titan SGS addresses the unmet need for sleeve gastrectomy by providing surgeons with the longest continuous staple cutting line of 23 centimeters. This first-of-its-kind stapler can help users achieve a more consistent and symmetrical sleeve pocket anatomy, allowing their patients to achieve optimized results. Although each patient’s anatomy is different, the Titan SGS Long Staple line allows surgeons to plan and place staples in a single shot, minimizing the variations sometimes associated with using multiple staple shots at overlapping short cartouche. Additionally, the design can result in a safer staple line and less chance of leaks, as evidenced by higher burst pressures.

“Teleflex’s strategy is to invest in innovative products and technologies that can significantly improve clinical efficiency, patient safety and comfort, reduce complications and lower the overall cost of care,” said Liam Kelly. , Chairman and CEO at the time to enter into a definitive agreement. “The acquisition of Standard Bariatrics adds an exciting and differentiated product to serve the large and growing sleeve gastrectomy market, which we estimate to perform approximately 120,000 procedures per year in the United States. Additionally, the agreement enables Teleflex to leverage our strength in our existing bariatric surgeon appeal 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.

Related links:
Incorporated Teleflex
Standard Bariatrics, Inc.