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Integer Holdings Corporation Completes Divestiture of Non-Medical Business for $50 Million

Nov 01, 2024•over 1 year ago

Contract Type

contract

PlanoManufacturingBiotechnologyHealthcareHealth CareMedical

Description

Integer Holdings Corporation completed the sale of its Electrochem business to Ultralife Corporation for $50 million in cash. The proceeds from the sale will be used to pay down outstanding debt, enabling Integer to focus on being a pure-play medical technology company with additional capital for high-growth medtech markets.

Company Information

Company

Integer Holdings Corporation

Location

Plano, Texas, United States

About

Integer Holdings Corporation (NYSE:ITGR) is one of the largest medical device contract development and manufacturing organizations (CDMO) in the world, serving the cardiac rhythm management, neuromodulation, and cardio and vascular markets.

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