ITGR resets its 2026 outlook after customer forecast changes and slower product ramps, with growth and margin recovery tied to adoption timing.
Integer Holdings Corp. is a unique, high-quality medical device CDMO trading at a depressed ~10x EBITDA multiple after a temporary growth slowdown. A strategic review, prompted by activist involvement and heightened buyer interest, positions ITGR for a likely sale within three to four months. Precedent CDMO transactions support a fair value of $110–125/share (13–14x forward EBITDA), offering 20–40% upside with limited downside risk.
Integer Holdings Corporation (ITGR) Presents at Bank of America Global Healthcare Conference 2026 Transcript
| Health Care Equipment & Supplies Industry | Healthcare Sector | Payman Khales CEO | XFRA Exchange | 45826H109 CUSIP |
| US Country | 11,000 Employees | - Last Dividend | - Last Split | 29 Sep 2000 IPO Date |
Integer Holdings Corporation is a leading medical device outsource manufacturer offering a wide range of products and services across the globe, including the United States, Puerto Rico, Costa Rica, and other international markets. The company, founded in 1970 and headquartered in Plano, Texas, operates through two primary segments: Medical and Non-Medical. It caters to the needs of multi-national original equipment manufacturers (OEMs) and their affiliated subsidiaries, particularly in the areas of cardiac rhythm management, neuromodulation, orthopedics, vascular, advanced surgical, and portable medical markets. Integer Holdings Corporation's offerings are essential in a variety of medical procedures such as interventional cardiology, electrophysiology, and surgeries involving orthopedics, offering cutting-edge solutions that enhance patient care and outcomes.
Integer Holdings Corporation provides a diverse portfolio of products and services across various medical fields: