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Strategic Initiatives

Integer to Divest Advanced Surgical and Orthopedics to MedPlast -

Integer entered into an agreement to sell its Advanced Surgical and Orthopedics lines to MedPlast, a global services provider to the medical device industry, for US $600MM in cash. The transaction is expected to close in 3Q18. The ASO business comprises products and services for markets of laparoscopy, general surgery, biopsy and drug delivery, arthroscopic devices/components and orthopaedics. The latter two in particular include shaver blades/burrs, ablation probes, suture anchors, joint recon implants, fracture plates/screws, spinal devices, instruments and delivery systems (cases and trays). (Integer, 5/3/18)