KKR to Acquire Integer in $5.7B Take-Private Deal
Private equity giant KKR will acquire medical device manufacturer Integer Holdings Corp. in a going-private transaction valued at approximately $5.7 billion.
Global investment firm KKR has entered into a definitive agreement to acquire Integer Holdings Corp., a publicly traded medical device contract manufacturer, for approximately $5.7 billion. The all-cash transaction will result in Integer becoming a privately held company. Integer, whose brands include Greatbatch Medical and Lake Region Medical, specializes in the cardio and vascular, neuromodulation, and cardiac rhythm management markets.
For sophisticated counsel and their clients, this deal underscores the continued strength and appetite of private equity for large-scale acquisitions in the healthcare and life sciences sectors. The significant valuation serves as a key market indicator for other companies in the medtech space and highlights the viability of take-private transactions as an exit strategy. This move signals a robust pipeline for transactional practices and may prompt other PE firms and strategic acquirers to evaluate similar targets. The transaction is expected to close by the end of the year, subject to customary closing conditions.