KKR closes in on $4bn acquisition of Integer Holding
KKR is nearing an agreement to acquire medical device outsourcing specialist Integer Holdings in a $4bn take-private transaction that would further expand the private equity firm's healthcare portfolio, according to a report by the Wall Street Journal.
KKR is close to finalizing a $4 billion acquisition of medical device outsourcing firm Integer Holdings, according to a Wall Street Journal report. This deal would bolster KKR's healthcare portfolio, which includes Cotiviti, Infinx, and Healthium MedTech. Integer, based in Plano, Texas, specializes in design, development, and manufacturing services for medical device companies.
The proposed valuation suggests Integer would be worth over $4 billion, with shares jumping around 20% after news of the potential transaction. Activist investor Irenic Capital Management had pushed for a review of strategic alternatives, having acquired over 3% of the company. KKR's acquisition could further solidify its position in the healthcare technology sector, which has seen active dealmaking and strong investor interest despite a broader slowdown in private equity exits.
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