KKR to Buy Integer Holdings for $4.3 Billion — 2nd Update

By Colin Kellaher

Investment firm KKR has struck a deal to acquire medical-device outsourcing company Integer Holdings for about $4.3 billion in cash.

KKR will pay $127 a share for Integer, the companies said Monday, a 4.8% premium to Friday's closing price of $121.21 for the Plano, Texas, company and some 52% above Integer's closing price of $83.67 on April 29, the day before the company put itself up for sale.

Shares of Integer were recently changing hands at $124.49, up 2.7%.The Wall Street Journal on Friday reported that New York-based KKR was closing in on a deal to take Integer private, sending the company's shares up 20% late in the session.

The deal, which carries an enterprise value of roughly $5.7 billion, is slated to close by the end of the year.

Analysts at KeyBanc Capital Markets said they view the KKR deal as a reasonable valuation and overall constructive outcome for Integer's shareholders in light of recent volatility and expected near-term headwinds.

Integer in late April said it was considering a potential sale or merger after cutting its full-year sales and earnings guidance.

The company in March reached a cooperation agreement with activist investor Irenic Capital Management, which had built a stake of more than 3% and late last year urged the company to refresh its board and consider a sale.

KKR, which has around $800 billion in assets under management, said it is investing in Integer through its core private-equity strategy, adding that it plans to finance the transaction through a combination of equity provided by the firm's investment funds and committed debt financing.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 03, 2026 10:57 ET (14:57 GMT)