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Greatbatch goes shopping and snaps up Enpath Medical for $102m

In a move to expand its offerings to the cardiac rhythm management (CRM) and neurostimulation market, medical device component manufacturer Greatbatch is to acquire Enpath Medical, a company focused on percutaneous delivery systems and stimulation leads technologies. Clarence, New York-based Greatbatch has offered to pay $14.38 for each Enpath share, representing a 29% premium on Enpath's closing price of $11.13 on the last trading day before the announcement was made this Monday (April 30).

In a move to expand its offerings to the cardiac rhythm management (CRM) and neurostimulation market, medical device component manufacturer Greatbatch is to acquire Enpath Medical, a company focused on percutaneous delivery systems and stimulation leads technologies. Clarence, New York-based Greatbatch has offered to pay $14.38 for each Enpath share, representing a 29% premium on Enpath's closing price of $11.13 on the last trading day before the announcement was made this Monday (April 30).

The transaction, which is valued at around $102m, is expected to close in late June.

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