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Deals & M&A1 min read

KKR to acquire Integer Holdings in $5.7 billion all-cash deal

The private equity firm is taking the medical device contract manufacturer private in a transaction valued at roughly $5.7 billion
WHY IT MOVED
The transaction marks one of the largest private equity buyouts of a medical device company this year, reflecting continued appetite for healthcare assets despite higher financing costs.
AT PUBLICATION
ITGR124.45▲ +2.67%
KKR106.56▲ +5.06%
Measured when this story was written, not live.
ITGR KKR Deals & M&A InstantWhy Newsroom 1h ago

The deal

Yahoo Finance reports that KKR has agreed to acquire Integer Holdings in an all-cash transaction valued at $5.7 billion. The deal would take the medical device contract manufacturer private. Neither KKR nor Integer Holdings has issued a public statement, and the report has not been independently confirmed by other outlets.

Why it matters

Integer manufactures components for cardiac, neuromodulation and portable medical devices, making it a steady cash-generating business attractive to financial buyers. KKR has been active in healthcare services and devices, and taking Integer private would allow the firm to restructure operations away from quarterly earnings pressure. The deal size suggests KKR is willing to deploy significant capital in a sector where regulatory pathways are well-established and demand is demographically supported.

Deal context

This is the second time in recent days that a $5.7 billion transaction has been reported: on July 30, Intercontinental Exchange's planned acquisition of MarketAxess was reported at the same headline figure, though that deal involved exchange and bond-trading infrastructure rather than medical devices. Private equity firms have been selective in large buyouts as debt costs remain elevated, focusing on sectors with predictable cash flows and limited technology disruption risk.

What has to happen next

The transaction will require regulatory clearance and Integer shareholder approval. KKR will need to secure financing, likely a combination of equity from its funds and leveraged debt. Integer's management and board response, along with deal terms including price per share and any go-shop provisions, will become clear when the companies formally announce the agreement.

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Artificially generated from public sources, explained in our own words, and published as fast as possible. Our team holds editorial responsibility. This is analysis, not investment advice.

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