Teleflex is the Walmart of Medical Devices - Anonymous employee Teleflex Employee Review

1.0
17 July 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Wide variety of commodity-type devices

Cons

401k is a 3% employer match - very low for the industry. You must work there 4 years before you are eligible for the employer match - this is definitely walmart style. R&D investment continues to trend down and is one of the lowest in the industry - less than 3% of net sales.

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Teleflex Response
10y
Similar to most medical device manufacturers, Teleflex produces some commodity products because our healthcare customers rely on them for their patients. But our growing success is linked to the manufacture of high-value innovative products that offer outstanding clinical benefits. Arrow, LMA, Rusch, and HudsonRCI brands are not commodity products; they are premium brands known and preferred by clinicians the world over. The vesting period for the 401k match is 2 years and Teleflex benefits have been evaluated by outside consultants as being high value. I have to disagree with your view of our growth potential. If you track our growth in the past year as investors have done, most people would have a positive outlook.

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CEO approval
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