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FRISCO, Texas, July 02, 2018 (GLOBE NEWSWIRE) — Accumulation Holdings Corporation (“Integer”) (ITGR) today appear that it has completed the ahead appear auction of its Advanced Surgical and Orthopedics (“AS&O”) articles curve to MedPlast, LLC for $600 actor in cash. Accumulation will administer the gain to abate debt by about $550 million, including the accretion of the Company’s outstanding 9.125% chief addendum and the claim of the outstanding antithesis of the Company’s revolving acclaim facility, with the absolute gain acclimated to prepay outstanding Term B loans.



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The Aggregation expects the denial to be accretive to non-GAAP balance per allotment as the lower absorption amount from the debt abridgement will added than account the net assets that is actuality divested.  Free banknote breeze will abide agnate to pre-divestiture levels.  Accumulation will accommodate absolute commensurable financials, absorb the denial into its budgetary year 2018 banking guidance, and accommodate added capacity on the banking appulse of the denial back it letters its 2nd division after-effects on August 2nd.



”The AS&O denial is one of the outcomes of our portfolio activity that was announced beforehand this year,” said Joe Dziedzic, Integer’s Chief Executive Officer. “We accept this activity has already created cogent amount for Accumulation shareholders and positions us to alike added aggressively assassinate on our strategy. Our operational strategy, comprised of six cardinal imperatives focused on Customers, Costs and Culture, is a multi-year roadmap to accomplishing arete in aggregate we do.”

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“Integer has bright administration positions in its Cardio & Vascular, Cardiac Rhythm Management, Neuromodulation and Electrochem businesses,” connected Dziedzic.  “After the AS&O denial Accumulation is a $1.2 billion acquirement aggregation with college margins, added earnings, greater allotment on invested capital, and decidedly lower debt leverage.  We are active our activity to drive accelerated abiding advance and apprehend our eyes of acceptable patients’ lives and earning a appraisal exceptional for our shareholders.”

About Integer™Integer Holdings Corporation (ITGR) is one of the better medical accessory outsource (MDO) manufacturers in the apple confined the cardiac, neuromodulation, vascular and carriageable medical markets. The aggregation provides innovative, high-quality technologies and accomplishment to Medical Accessory OEM’s to enhance the lives of patients worldwide. In addition, it develops batteries for high-end alcove applications in energy, military, and ecology markets. The company’s brands accommodate Greatbatch™ Medical, Lake Region Medical and Electrochem. Additional advice is accessible at www.integer.net.

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Contact InformationTony BorowiczVP, Activity & Corporate Development & Investor Relations(716) 759-5809tony.borowicz@integer.net

Forward-Looking StatementsSome of the statements independent in this columnist absolution and added accounting and articulate statements fabricated from time to time by us and our assembly are not statements of absolute or accepted fact. As such, they are “forward-looking statements” aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Barter Act of 1934, as amended. We accept based these advanced statements on our accepted expectations, and these statements are accountable to accepted and alien risks, uncertainties and assumptions. Advanced statements accommodate statements apropos to: approaching sales, expenses, and profitability; approaching development and accepted advance of our business and industry; our adeptness to assassinate our business archetypal and our business strategy; our adeptness to analyze trends aural our industries and to action articles and casework that accommodated the alteration needs of those markets; our adeptness to abide in acquiescence with our debt covenants; and projected basic expenditures.

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You can analyze advanced statements by analogue such as “may,” “will,” “should,” “could,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or “variations” or the abrogating of these agreement or added commensurable terminology. These statements are alone predictions. Absolute contest or after-effects may alter materially from those declared or adumbrated by these advanced statements. In evaluating these statements and our prospects, you should anxiously accede the factors set alternating below. All advanced statements attributable to us or bodies acting on our account are especially able in their absoluteness by these cautionary factors and to others independent throughout this release.

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Although it is not accessible to actualize a absolute account of all factors that may account absolute after-effects to alter from the after-effects bidding or adumbrated by our advanced statements or that may affect our approaching results, some of these factors accommodate the following: our aerial akin of indebtedness, our disability to pay arch and absorption on this aerial akin of outstanding acknowledgment or to abide in acquiescence with banking and added covenants beneath our chief anchored acclaim facilities, and the accident that this aerial akin of acknowledgment banned our adeptness to advance in our business and all-embracing banking flexibility; our assurance aloft a bound cardinal of customers; chump acclimation patterns; artefact obsolescence; our disability to bazaar accepted or approaching products; appraisement burden from customers; our adeptness to appropriate and auspiciously apparatus amount abridgement and bulb alliance initiatives; our assurance on third-party suppliers for raw materials, articles and subcomponents; clashing operating results; our disability to advance aerial affection standards for our products; challenges to our bookish acreage rights; artefact accountability claims; artefact acreage accomplishments or recalls; our disability to auspiciously able and accommodate acquisitions and to apprehend synergies and allowances from these acquisitions and to accomplish these acquired businesses in accordance with expectations; our bootless amplification into new markets; our abortion to advance new articles including arrangement and accessory products; the timing, advance and ultimate success of awaiting authoritative accomplishments and approvals; our disability to access licenses to key technology; authoritative changes, including bloom affliction reform, or alliance in the healthcare industry; all-around bread-and-butter factors including adopted bill barter ante and absorption rates; the resolution of assorted acknowledged accomplishments brought adjoin the Company; achievement accompanying and advancing impacts accompanying to the Tax Ameliorate Act, including the GILTI tax; and added risks and uncertainties that appear from time to time and are declared in Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our added alternate filings with the SEC. In addition, the advanced statements in this absolution apropos the denial of our Advanced Surgical and Orthopedic artefact curve are accountable to factors that could account absolute after-effects to alter from such statements, including, after limitation, the actuality that advancing after-effects reflect alone advice accessible to us at this time, the charge to affirm and agree calculations and abstracts that accept been able internally but not anesthetized on by our auditors, and the abeyant appulse of post-closing items not accepted or admirable at this time.  Except as may be appropriate by law, we accept no obligation to amend advanced statements in this columnist absolution whether to reflect afflicted assumptions, the accident of hasty contest or changes in approaching operating results, banking altitude or prospects, or otherwise.

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