Integer Holdings Corporation Completes Divestiture of Non-Medical Business for $50 Million

PLANO, Texas, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (NYSE:ITGR), a leading medical device contract development and manufacturing organization (CDMO), today announced the completion of the previously announced sale of its Electrochem business to Ultralife Corporation for $50 million in cash.

Integer will use the proceeds from the sale to pay down outstanding debt.

"With the divestiture of Electrochem, Integer is now a pure-play medical technology company with additional capital to deploy in high-growth medtech markets," said Joseph Dziedzic, Integer President & CEO. "I would like to thank the Electrochem team for all their contributions over the years. We think Electrochem has a bright future under the ownership of Ultralife."

To learn more about Integer, visit www.integer.net.

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