Medtech Integer Could Be More Valuable As A Private Company - Activist Investor Urges Strategic Review

Benzinga_recent_news12-18 23:04

Activist investor Irenic Capital Management has reportedly taken a more than 3% stake in Integer Holdings Corporation (NYSE:ITGR). It is pressing the medical-device outsourcing company to refresh its ...

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It is pressing the medical-device outsourcing company to refresh its ...</p>\n\n<a href=\"https://www.benzinga.com/m-a/25/12/49481176/medtech-integer-could-be-more-valuable-as-a-private-company-activist-investor-urges-strategic-review\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Medtech Integer Could Be More Valuable As A Private Company - Activist Investor Urges Strategic Review</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMedtech Integer Could Be More Valuable As A Private Company - Activist Investor Urges Strategic Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-18 23:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/m-a/25/12/49481176/medtech-integer-could-be-more-valuable-as-a-private-company-activist-investor-urges-strategic-review><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Irenic Capital Management has reportedly taken a more than 3% stake in Integer Holdings Corporation (NYSE:ITGR). It is pressing the medical-device outsourcing company to refresh its ...</p>\n\n<a href=\"https://www.benzinga.com/m-a/25/12/49481176/medtech-integer-could-be-more-valuable-as-a-private-company-activist-investor-urges-strategic-review\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1815336091.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","start_time":0,"source_url":"https://www.benzinga.com/m-a/25/12/49481176/medtech-integer-could-be-more-valuable-as-a-private-company-activist-investor-urges-strategic-review","article_id":"2592907201","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/18/Business-Handshake-For-Teamwork-Of-Busin.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/m-a/25/12/49481176/medtech-integer-could-be-more-valuable-as-a-private-company-activist-investor-urges-strategic-review","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592907201","pubTimestamp":1766070240,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Irenic Capital presses Integer Holdings to refresh its board and consider a sale, arguing the stock trades at a discount amid weak shares and limited visibility.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","SRDX":"SurModics","TFX":"泰利福","BK4588":"碎股","ITGR":"Integer Holdings Corporation","BK4585":"ETF&股票定投概念","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU0566484027.USD":"安本美国小盘成长股","BK4504":"桥水持仓","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BK4082":"医疗保健设备","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1559883803.SGD":"Aberdeen Standard SICAV I - North American Smaller Companies Fund A Acc SGD-H","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC"},"translate_title":"Medtech Integer作为一家私营公司可能更有价值——激进投资者敦促进行战略审查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITGR":1.5,"TFX":1,"SRDX":1},"content_text":"Activist investor Irenic Capital Management has reportedly taken a more than 3% stake in Integer Holdings Corporation (NYSE:ITGR). It is pressing the medical-device outsourcing company to refresh its board and evaluate strategic alternatives, including a potential sale.\nIrenic, now among Integer's largest shareholders, sent a private letter to the company's board earlier this week outlining its concerns and recommendations.\nThe Wall Street Journal noted that the investor believes the company's shares are undervalued and that changes at the board level could help unlock value.\nAlso Read: Trump Administration Review Targets Medical Supply Chain Vulnerabilities\nA central part of Irenic's argument is that Integer lacks clear, publicly traded pure-play peers, which has limited investor understanding and analyst coverage.\nAs a result, the activist contends the market has struggled to assess the company's earnings power and long-term prospects properly.\nIrenic also believes Integer may be more appealing as a private company.\nDue to confidentiality obligations with customers, it is harder for public-market investors to underwrite its pipeline fully, the Wall Street Journal reported, citing people familiar with the matter.\nInteger partners with medical-device companies to design, develop, and manufacture critical components across several end markets, including cardiac rhythm management, neuromodulation, and cardio and vascular applications.\nThe business plays a key role in supplying complex components to device makers, but much of that work remains opaque to investors, the report added.\nInteger's shares have declined around 44% year to date, as per data from Benzinga Pro.\nIrenic has told the board it believes there would be meaningful takeover interest from potential buyers, including private-equity firms, at a substantial premium to the current share price. The broader context may support that view.\nThe Wall Street Journal added that the medical-device contract development and manufacturing sector has seen robust deal activity in recent years, with transactions often commanding higher earnings and revenue multiples than those implied by Integer's current valuation.\nEarlier in December, Teleflex Incorporated (NYSE:TFX) agreed to sell its Acute Care, Interventional Urology, and OEM businesses to two buyers, Intersurgical Ltd with respect to Acute Care and Interventional Urology, and Montagu and Kohlberg with respect to OEM, for $2.03 billion.\nIn November, the United States District Court for the Northern District of Illinois denied a request by the U.S. Federal Trade Commission and certain state regulators to issue a preliminary injunction that would have prevented the proposed acquisition of Surmodics Inc. (NASDAQ:SRDX) by GTCR.\nIn May 2024, private equity firm GTCR agreed to acquire medical device coating company Surmodics for approximately $627 million, or $43 per share.\nInteger had reported third-quarter adjusted earnings of $1.79 per share, beating the consensus of $1.68, with sales up 8% to $467.69 million, beating the consensus of $466.45 million.\nITGR Price Action: Integer Holdings shares were up 5.68% at $78.34 at the time of publication on Thursday, according to Benzinga Pro data.\nRead Next:\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592907201","isCrawlerRequest":true}