KKR takes Integer Holdings private for $5.7B

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KKR takes Integer Holdings private for $5.7B

Plus: CMS makes joint replacement bundled payments mandatory nationwide. The day's rules, money, and enforcement, sourced and tiered below.

Record

KKR, a private equity firm, is paying 5.7 billion dollars, a 52 percent premium, to take Integer Holdings private, the world's largest standalone maker of components for pacemakers and other implanted medical devices.

The deal pays 127 dollars a share in cash with no financing contingency and is expected to close by year end 2026. Integer employs about 11,000 people under the Greatbatch Medical and Lake Region Medical brands.

Record

Medicare finalized a rule making bundled payment for hip, knee and ankle replacement surgery mandatory at every eligible hospital nationwide, the first mandatory nationwide bundle CMS has ever run.

The rule also raises hospital payment rates 2.3 percent, worth about 2.1 billion dollars. Hospitals and device makers like Stryker and Zimmer Biomet have until January 1, 2028 to prepare.

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