M&A · Healthcare · Electromedical & Electrotherapeutic Apparatus
KKR & Co. Inc. to acquire Integer Holdings Corp
Announced Aug 3, 2026 · Terminated Sep 30, 2026
Deal value$5.70BEV $5.70B
Premium51.8%To unaffected price
EV / Adj. EBITDA15.1x3.1x EV / Revenue
ConsiderationAll cash$127.00 per share
Transaction
- Acquirer
- KKR & Co. Inc. (KKR)
- Target
- Integer Holdings Corp (ITGR)
- Buyer type
- Private equity
- Offer price per share
- $127.00
- Enterprise value
- $5.70B
- Status
- Terminated Sep 30, 2026
Deal protections
- Break fee (target pays)
- $154M · 2.7%
- Reverse fee (buyer pays)
- $307M · 5.4%
- Go-shop
- No-shop
- Financing
- Committed · Goldman Sachs
Advisors
- To the acquirer
- Centerview, Barclays, Citigroup, Raymond James
- To the target
- Goldman Sachs
Sector context · Healthcare
- Comparable deals
- 109 in the prior 24 months
- Premium
- 51.8% vs. 46.0% sector median
- EV / Adj. EBITDA
- 15.1x vs. 10.9x sector median
- Break fee
- 2.7% vs. 3.5% sector median
Timeline
- AnnouncedAug 3, 2026
- Proxy filedSep 3, 2026
- Definitive proxySep 14, 2026
- Shareholder vote—
- TerminatedSep 30, 2026
Valuation · fairness opinions
Discounted cash flow$98.93$140.68
Discounted cash flow$88.57$127.71
Future share price$86.00$106.00
Premiums paid$97.00$120.00
Offer $127.00
Implied value per Integer Holdings Corp share by analysis, from Goldman Sachs · DCF discount rate 9%–10%.