![]() ![]() The acquisition is part of Halma’s growth strategy to acquire bolt-on and standalone businesses, with a total of six acquisitions so far this financial year. We are delighted to welcome the TeDan team to Halma and look forward to working with them to expand their global impact.” “TeDan’s growth is supported by the growing need for surgical treatment as populations age and as lifestyles evolve and by the development of innovative new surgical procedures which improve efficiency and standards of care. “TeDan further extends the technologies and capabilities of our Healthcare sector in the treatment of patients in acute therapeutic settings,” said Marc Ronchetti, Group Chief Executive of Halma. TeDan will be a standalone company in Halma’s Healthcare sector, led by its current management team. TeDan’s consolidated unaudited revenue for the 12 months to 31 March 2023 was US$29.2m (approximately £24m), and TeDan has a Return on Sales above the upper end of Halma's target range of 18-22%. An additional earn-out consideration of up to US$10.9m (approximately £9m) is payable in cash, based on TeDan’s performance in the period to June 2024. When adjusted for tax benefits with a net present value of approximately US$9.8 million (approximately £8 million), the net initial consideration is approximately US$79.3 million (approximately £64 million). The initial cash consideration for TeDan is US$89.1m (approximately £72m), on a cash- and debt-free basis, which will be funded from Halma’s existing facilities. ![]() Together, we share a common purpose of ensuring a healthier future for everyone, every day.” Joining Halma will help us to grow and invest in the U.S. “For over ten years, TeDan has been at the forefront of surgical access innovation, creating an improved experience for surgeons in the operating room and better outcomes for patients. “World spending on healthcare is increasing as demand continues to grow, especially as the number of people over 60 has reached more than one billion,” said Danny Fishman, Chief Executive Officer of TeDan. Headquartered in Houston, Texas and Half Moon Bay, California, USA, TeDan addresses the growing need for surgical procedures as populations live longer and as lifestyles change. The separate companies include TeDan Surgical Innovations, Inc., West Coast Surgical, LLC, Axcess Surgical Innovations, LLC and TeDan Surgical Innovations GmbH. Halma, a global group of life-saving technology companies, today announces that it has acquired TeDan, a group of companies that develop, manufacture and supply medical devices that surgeons use in spinal, neurological, cardiac and orthopaedic operations. Environment Commitment Statement and Supplier Statement.Our sustainability approach and progress.Our markets and their long term growth drivers.
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