Integer Holdings Corporation to Divest Non-Medical Business for $50 million
Integer Holdings Corporation (ITGR)
Last integer holdings corporation earnings: 2/20 08:00 am
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Source: GlobeNewswire
PLANO, Texas, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE: ITGR), a leading medical device contract development and manufacturing organization (CDMO), today announced it has entered into an agreement to divest its Electrochem business, which focuses on non-medical applications for the energy, military and environmental sectors, to Ultralife Corporation (NASDAQ: ULBI). Ultralife is acquiring Electrochem for $50 million in cash, subject to customary working capital adjustments, and the transaction is expected to close by the end of October. “The divestiture of our non-medical business is another example of Integer managing our portfolio to accomplish our strategic financial objectives,” said Joe Dziedzic, Integer’s president & CEO. “Following the transaction, Integer will be a pure-play medical business with additional cash to pay down debt and execute our inorganic growth strategy. Ultralife is an ideal buyer for Electrochem because they are a leader in pro
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News
- Are You a Value Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Integer to Present at Piper Sandler Healthcare Conference on Dec. 3, 2024GlobeNewswire
- Integer Holdings Gains 40.8% YTD: What's Driving the Stock? [Yahoo! Finance]Yahoo! Finance
- Integer Holdings Corporation Completes Divestiture of Non-Medical Business for $50 MillionGlobeNewswire
- Why This 1 Value Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
ITGR
Earnings
- 10/24/24 - Beat
ITGR
Sec Filings
- 10/24/24 - Form 10-Q
- 10/24/24 - Form 8-K
- 10/2/24 - Form 8-K
- ITGR's page on the SEC website