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Oct. 27, 2015, 7:24 PM
- Medical device maker Greatbatch (NYSE:GB) has wrapped up its acquisition of Lake Region Medical in a $1.73B deal to create one of the world's largest medical device outsource manufacturers.
- It plans to rename the joined company Integer Holdings Corp., subject to shareholder approval at the May annual meeting.
- Greatbatch secured $1.96B in financing in connection with the deal: $1.6B in senior secured credit facilities, and $360M in 9.125% notes due 2023.
- The combination sports a portfolio featuring Greatbatch Medical, Lake Region Medical and Electrochem as brands, serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical and portable medical markets.
- Earlier, Greatbatch was down 0.4% in after-hours trading.
Aug. 27, 2015, 7:11 AM
- Greatbatch (NYSE:GB) agrees to acquire privately owned Lake Region Medical for ~$1.73B in cash and stock.
- GB says the deal will create one of the largest medical device OEM suppliers in the world serving the cardiac, neuromodulation, vascular, orthopedic and advanced surgical markets.
- GB expects the transaction to be double-digit accretive to cash EPS in 2016 and meaningfully more accretive thereafter.
Aug. 12, 2014, 3:49 PM
- Greatbatch (GB -0.7%) acquires Montevideo, Uruguay-based CCC Medical Devices, a developer and manufacturer of active implantable medical device systems. Financial terms are not disclosed.
Greatbatch Inc designs and manufactures critical components that help to advance medical device technology across various applications. The Company operates in two segments namely Greatbatch Medical and QiG Group.
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