Dynamic Healthcare M&A Database

Acquiring Party	Teleflex Incorporated (NYSE:TFX), a diversified company with a significant surgical business.
Transferring Party	Arrow International, Inc. (NASDAQ:ARRO), a leading global provider of catheter-based access and therapeutic products for critical and cardiac care.
Sector	Medical Devices
Date	July 23, 2007
Analysis A huge deal for Teleflex, which redefines it as a leading global supplier of disposable medical products used in critical care, specialty medical, and surgical applications. With Arrow, Teleflex hopes to reduce cyclicality and grow its medical segment to $1.5b with 20% operating margins by fiscal 08. It expects synergies of $70m within 3 years by reducing administrative and global infrastructure expenses, increasing operational efficiencies and creating additional revenue opportunities. Deal value -- $2b, based on revenue of $508m (3.9X) and EBITDA of $128m (15.6X).
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason.

Dynamic Healthcare M&A Database - 3Q07