UPDATE 1-Medical device maker Teleflex to split into two

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Recasts with news on company split; changes media packaging code to TELEFLEX-DIVESTITURE

Feb 27 (Reuters) - Teleflex TFX.N said on Thursday it would split into two by spinning off its business that makes devices for the urology, and acute care markets as well as its contract manufacturing unit.

That would make Teleflex a company that primarily makes devices for bloodstream- and heart-related procedures and for medical imaging and surgical purposes.

To boost this business, Teleflex also said it would buy Germany-based Biotronik's blood vessel device unit for about 760 million euros ($796.3 million) in cash.

Teleflex said it would distribute shares of the spun-off company to shareholders and expects the separation to be completed in mid-2026.

($1 = 0.9544 euros)


(Reporting by Puyaan Singh in Bengaluru; Editing by Savio D'Souza)

((Puyaan.Singh@thomsonreuters.com;))

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