{"id":8453,"date":"2024-06-26T14:53:39","date_gmt":"2024-06-26T14:53:39","guid":{"rendered":"https:\/\/admedsol1stg.wpenginepowered.com\/?page_id=8453"},"modified":"2026-02-10T16:10:40","modified_gmt":"2026-02-10T16:10:40","slug":"peters-surgical","status":"publish","type":"page","link":"https:\/\/admedsol.com\/peters-surgical\/","title":{"rendered":"Peters Surgical"},"content":{"rendered":"

[et_pb_section fb_built=”1″ module_class=”ams-bg-gradient-purple” _builder_version=”4.27.4″ _module_preset=”default” custom_padding_tablet=”6rem||4rem||false|false” custom_padding_phone=”5rem||4rem||false|false” use_background_color_gradient_tablet=”off” use_background_color_gradient_phone=”on” background_color_gradient_direction_phone=”135deg” background_color_gradient_stops_phone=”#03305d 0%|rgba(11,98,159,0.75) 100%” background_color_gradient_overlays_image_tablet=”on” background_size_tablet=”cover” locked=”off” global_colors_info=”{}” custom_css_before_last_edited=”off|phone”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” module_class=”ams-order-parent” _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”0rem||||false|false” custom_margin_tablet=”||0rem||false|false” custom_margin_phone=”||0rem||false|false” custom_margin_last_edited=”off|desktop” global_colors_info=”{}”][et_pb_column type=”1_2″ module_class=”ams-d-flex ams-align-items-center ams-order-2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Advanced Medical Solutions<\/h2>\n

<\/p>\n

Acquisition of Peters Surgical<\/h1>\n

A leading provider of surgical sutures, mechanical haemostasis and surgical glue.<\/pee><\/p>\n

View RNS <\/i><\/a><\/div>\n

[\/et_pb_code][\/et_pb_column][et_pb_column type=”1_2″ module_class=”ams-order-1″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/admedsol.com\/wp-content\/uploads\/2024\/06\/AMS-Peters-2.0-Non-Loop.gif” title_text=”AMS-Peters-2.0-Non-Loop” align=”center” align_tablet=”left” align_last_edited=”off|tablet” _builder_version=”4.25.2″ _module_preset=”default” max_width=”450px” max_width_tablet=”none” max_width_last_edited=”off|tablet” module_alignment=”center” custom_margin_tablet=”||2rem||false|false” custom_margin_phone=”||2rem||false|false” custom_margin_last_edited=”on|tablet” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” custom_padding=”4rem||4rem||true|false” custom_padding_tablet=”4rem||4rem||true|false” custom_padding_phone=”4rem||4rem||true|false” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”||0rem||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”] Advanced Medical Solutions has received regulatory approval to complete the acquisition of Peters Surgical, following the successful French Foreign Direct Investment screening process. The transaction was completed on 1 July 2024. Peters Surgical is one of the leading European provider of specialty surgical sutures, mechanical haemostasis and internal cyanoacrylate devices. Their speciality surgical products which will strengthen AMS\u2019s position as a leading global specialist in tissue repair and skin closure.<\/pee>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ make_equal=”on” module_class=”ams-align-items-start” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”2_5″ module_class=”ams-bg-purple-4″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” border_radii=”on|0.5rem|0.5rem|0.5rem|0.5rem” global_colors_info=”{}”][et_pb_image src=”https:\/\/admedsol.com\/wp-content\/uploads\/2023\/08\/chris-meredith.png” title_text=”chris-meredith” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”] “As well as broadening our portfolio, AMS will benefit from the shared capabilities of the two companies, including direct sales channels, distribution networks, and manufacturing locations.<\/pee> We\u2019re thrilled to have secured such a transformational deal which aligns perfectly with our strategy<\/span>.”<\/pee><\/p>\n

<\/p>\n

\tChris Meredith,\t<\/h4>\n

\t<\/p>\n

\tChief Executive Officer of AMS\t<\/h4>\n

<\/div>\n

[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”4rem||||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”] With the addition of Peters Surgical and Syntacoll, Peters Surgical generated revenues of \u20ac84 million in the twelve months to 31 December 2023 and AMS\u2019s consolidated surgical revenue for FY23 would have been almost double, representing nearly 80% of AMS Group revenues. The Board expects the transaction will deliver high single digit earnings accretion from FY25, excluding significant anticipated commercial and operational synergies.<\/pee>[\/et_pb_code][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”] The transaction was completed on 1 July 2024, which triggered an initial cash payment of \u20ac132.5 million (approximately \u00a3113.2 million). An earnout of up to \u20ac8.9 million (approximately \u00a37.6 million) would be payable in FY2025 on delivery of US regulatory approvals, achievement of FY24 revenue and gross margin targets, and satisfying certain inventory and tax conditions as outlined in the announcement on 13 March 2024.<\/a><\/pee>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_class=”ams-angle left ams-bg-light-blue” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ make_equal=”on” module_class=”ams-align-items-start ams-order-parent” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”3_5″ module_class=”ams-order-2″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.4″ _module_preset=”default” custom_margin_tablet=”2rem||||false|false” custom_margin_phone=”2rem||||false|false” custom_margin_last_edited=”on|desktop” global_colors_info=”{}”] “We are excited about the opportunities that this combination with AMS, a world leading specialist in tissue-healing technologies, and the benefits that the transaction can bring to physicians, patients and employees<\/span>.”<\/pee><\/p>\n

<\/p>\n

\tThierry Herbreteau,\t<\/h4>\n

\t<\/p>\n

\tChief Executive Officer of Peters Surgical\t<\/h4>\n

<\/div>\n

[\/et_pb_code][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”||||false|false” global_colors_info=”{}”] In anticipation of completion, we have been working closely with Peters Surgical to begin an extensive integration project, with a dedicated team now in place to manage the process which has confirmed our view of the quality of the Peters Surgical business, its complementarity with AMS\u2019s existing offering, as well as the enthusiasm and commitment of its staff. This transaction is a substantial step forward for AMS as we establish an enhanced portfolio of own-branded products, strengthen our direct sales capabilities and look to secure greater global traction in key markets.<\/pee>[\/et_pb_code][\/et_pb_column][et_pb_column type=”2_5″ module_class=”ams-order-1 ams-bg-green-4″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” border_radii=”on|0.5rem|0.5rem|0.5rem|0.5rem” global_colors_info=”{}”][et_pb_image src=”https:\/\/admedsol.com\/wp-content\/uploads\/2024\/06\/Thierry-Herbreteau.png” title_text=”Thierry-Herbreteau” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ module_class=”ams-angle left ams-bg-light-blue” _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” custom_padding=”6rem||6rem||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”0rem||2rem||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” locked=”off” global_colors_info=”{}”]<\/p>\n

Further information<\/h3>\n

[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ module_class=”ams-d-flex ams-flex-column ams-justify-content-between ams-bg-teal-3″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” custom_padding=”2rem|2rem|2rem|2rem|true|true” border_radii=”on|0.5rem|0.5rem|0.5rem|0.5rem” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”] Acquisition<\/pee><\/p>\n

RNS Announcement<\/h3>\n

[\/et_pb_code][et_pb_code _builder_version=”4.27.5″ _module_preset=”default” custom_margin=”2rem||||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] Read more <\/i><\/a><\/pee>[\/et_pb_code][\/et_pb_column][et_pb_column type=”1_3″ module_class=”ams-d-flex ams-flex-column ams-justify-content-between ams-bg-teal-4″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” custom_padding=”2rem|2rem|2rem|2rem|true|true” border_radii=”on|0.5rem|0.5rem|0.5rem|0.5rem” global_colors_info=”{}”][et_pb_code _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”] Website<\/pee><\/p>\n

Peters Surgical<\/h3>\n

[\/et_pb_code][et_pb_code _builder_version=”4.27.5″ _module_preset=”default” custom_margin=”2rem||||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] Read more <\/i><\/a><\/pee>[\/et_pb_code][\/et_pb_column][et_pb_column type=”1_3″ module_class=”ams-d-flex ams-flex-column ams-justify-content-between ams-bg-teal-5″ _builder_version=”4.27.4″ _module_preset=”default” background_enable_color=”off” custom_padding=”2rem|2rem|2rem|2rem|true|true” border_radii=”on|0.5rem|0.5rem|0.5rem|0.5rem” global_colors_info=”{}”][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”] 2023 Annual Report –<\/pee><\/p>\n

Peters Acquisition<\/h3>\n

[\/et_pb_code][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” custom_margin=”2rem||||false|false” custom_css_main_element=”a {|| color: white !important;|| transition: color 150ms ease;||}||||a:hover {|| color: var(–ams-interface-1) !important;||}” global_colors_info=”{}”] Read more <\/i><\/a><\/pee>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” disabled_on=”on|on|on” _builder_version=”4.25.2″ _module_preset=”default” custom_padding=”3rem||3rem||true|false” custom_padding_tablet=”3rem||3rem||true|false” custom_padding_phone=”2rem||2rem||true|false” disabled=”on” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.22.2″ _module_preset=”default” custom_margin=”0rem||1rem||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Featured News<\/h3>\n

[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”4″ make_equal=”on” custom_padding_last_edited=”on|tablet” module_class=”ams-align-items-center ams-order-parent” _builder_version=”4.25.2″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_direction=”135deg” background_color_gradient_stops=”#03305d 0%|#0b629f 100%” background_color_gradient_overlays_image=”on” background_enable_image=”off” custom_padding=”4rem|4rem|4rem|4rem|true|true” custom_padding_tablet=”|2rem||2rem|true|true” custom_padding_phone=”|2rem||2rem|true|true” border_radii=”on|1rem|1rem|1rem|1rem” global_colors_info=”{}”][et_pb_column type=”1_2″ module_class=”ams-order-1″ _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/admedsol.com\/wp-content\/uploads\/2024\/06\/AMS-Peters-2.0-Loop.gif” title_text=”AMS-Peters-2.0-Loop” _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ module_class=”ams-order-2″ _builder_version=”4.22.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_code _builder_version=”4.25.2″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Peters Surgical Acquisition<\/h3>\n

Advanced Medical Solutions has received regulatory approval to complete the acquisition of Peters Surgical, following the successful French Foreign Direct Investment screening process.<\/pee><\/p>\n

Find out more <\/i><\/a><\/div>\n

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