Greatbatch Inc. Buys Medical Device Maker for $1.7 Billion
Thursday, August 27, 2015
Source: The Buffalo News
Greatbatch, Inc. announced Thursday that it is buying Lake Region Medical for approximately $1.73 billion in cash and stock, in a deal that will create one of the largest original medical device manufacturer in the world serving the cardiac, neuromodulation, vascular, orthopaedics and advanced surgical markets.
Greatbatch, which started in Western New York and now is headquartered in Texas, said the combined company will employ over 9,000 globally with revenues of approximately $1.5 billion. The company operates a research and development plant in Clarence.