03:34 PM EST, 02/27/2025 (MT Newswires) -- Health care stocks fell late Thursday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding 0.2%.

The iShares Biotechnology ETF (IBB) fell 0.8%.

In corporate news, Teleflex ( TFX ) agreed to buy most of Biotronik's Vascular Intervention business for 760 million euros ($793.1 million) in cash. Teleflex ( TFX ) also said its board authorized management to pursue a plan to separate its urology, acute care, and OEM segments into a publicly traded company. Teleflex ( TFX ) shares slumped 22%.