IART - Integra LifeSciences Completes the Acquisition of Acclarent Inc. | Benzinga
PRINCETON, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- Integra LifeSciences Holdings Corporation (NASDAQ:IART), a leading global medical technology company, today announced it has successfully completed its acquisition of Acclarent, Inc., a pioneer in ear, nose and throat (ENT) surgical interventions. The addition of Acclarent's innovative product portfolio expands the breadth of Integra's market-leading brands and provides immediate scale and accretive growth via a dedicated sales channel. The acquisition adds $1 billion to the total addressable market of the Company's offerings, while providing unique market opportunities for access to the attractive ENT device segment.
"Acclarent's strong commercial capabilities, R&D expertise, advanced portfolio and deep clinical knowledge will be important assets to Integra, enabling us to deliver transformative technologies to restore patients' lives," said Mike McBreen, executive vice president and president, Codman Specialty Surgical division. "We are looking forward to working alongside our Acclarent colleagues to make a profound impact on ENT and neurosurgery care."
The company will release its first quarter 2024 financial results and provide second quarter and full-year guidance, inclusive of the Acclarent business, on Thursday, April 25, 2024, prior to the market open. In conjunction with the earnings release, Integra's management team will host a conference call at 8:30 a.m. ET.
A live webcast will be available on investor.integralife.com. To join the live conference call, please register here to receive dial-in details and an individual pin. While not required, joining 10 minutes before the event starts is recommended. A webcast replay of the conference call will be posted on the investor section of the Company's website following ...