Integer to Divest Advanced Surgical and Orthopedics Product Lines to MedPlast
Integer Holdings Corporation (Integer) (NYSE:ITGR), a leading medical device outsource manufacturer, has entered into an agreement to sell its Advanced Surgical and Orthopedics product lines to MedPlast, LLC, a leading global services provider to the medical device industry, for $600 million in cash. The transaction is expected to close in the third quarter of 2018 and is subject to customary closing conditions, including U.S. and foreign antitrust clearances.
Walder Wyss acts as Swiss advisor for Integer on this transaction. The Walder Wyss team includes Urs P. Gnos (Partner, Corporate/M&A), Fabienne Anner (Associate, Corporate/M&A), Nico Bernhard (Associate, Corporate/M&A), Reto Jacobs (Partner, Competition Law), Gion Giger (Managing Associate, Competition Law), Janine Corti (Counsel, Tax), Jan Ole Luuk (Counsel, Tax) and Ursina Gremminger (Associate, Tax).