KKR Nears Deal to Acquire Integer Holdings, Expanding Medical Device Portfolio
KKR sits 22% above its 52-week low of $82.67.
Summary
KKR is reportedly close to acquiring Integer Holdings (ITGR), a medical device outsourcing firm, according to the Wall Street Journal. The deal would add a new vertical to KKR's active M&A pipeline, which recently included the £5.75 billion DCC Energy acquisition and a $4.2 billion EDF Power Solutions buy. Integer's market cap is roughly $9 billion, making this a material transaction for KKR. The news follows KKR's blowout Q2 earnings, where record asset sales and a $1.63 adjusted EPS beat highlighted strong monetization momentum. A definitive agreement has not yet been announced, but the advanced talks signal KKR's continued appetite for large-scale take-privates in healthcare. Integer Holdings shares surged on the WSJ report of the possible acquisition.
At the time of this announcement, KKR was trading at $101.03 on NYSE in the Finance sector, with a market capitalization of approximately $90.7B. The 52-week trading range was $82.67 to $152.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.