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Teleflex to draw on revolving facility to fund Vidacare buyout
By Marisa Wong
Madison, Wis., Oct. 29 - Teleflex Inc. said it intends to use borrowings under its revolving credit facility to fund its acquisition of Vidacare Corp.
The transaction is valued at $262.5 million and is expected to be completed late in the fourth quarter, according to a news release.
Teleflex is a Limerick, Pa.-based provider of specialty medical devices for critical care and surgery procedures. Vidacare is a provider of inside-the-bone access devices.
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