Integer Holdings Corporation Says It Completes Divestiture Of Non-Medical Business For $50M, Company To Use The Proceeds From The Sale To Pay Down Outstanding Debt
Portfolio Pulse from Benzinga Newsdesk
Integer Holdings Corporation has completed the divestiture of its non-medical business for $50 million. The company plans to use the proceeds to pay down its outstanding debt.
November 01, 2024 | 11:04 am
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Integer Holdings Corporation has completed the sale of its non-medical business for $50 million. The proceeds will be used to reduce the company's outstanding debt, potentially improving its financial health.
The divestiture allows Integer Holdings to focus on its core medical business and use the $50 million to pay down debt, which is a positive financial strategy. This could lead to improved financial stability and investor confidence.
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