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Integer
Who Owns Integer Holdings Corporation?
Integer Holdings Corporation, a prominent medical device outsource manufacturer, underwent a significant rebranding in 2016 following the merger of Greatbatch, Inc. and Lake Region Medical. This strategic move reflected an expanded focus within the medical device sector. Headquartered in Plano, Texas, the company's origins date back to 1940 and 1947 with the founding of Uniform Tubes and Lake Region Manufacturing, respectively.
The company's commitment to enhancing patient lives globally is underscored by its role as a preferred partner for cutting-edge medical technologies and services. Integer's diverse product offerings, which include components for cardiac rhythm management and neuromodulation devices, are integral to advancements in healthcare.
As of July 2025, Integer Holdings Corporation, trading as ITGR on the NYSE, boasts a market capitalization of approximately $3.80 billion USD. Understanding the company's ownership structure, from its foundational stakes to its current public shareholders, offers crucial insights into its governance and strategic trajectory. This includes examining the evolution of founder influence and the impact of key investors over time, providing a comprehensive view of who influences the company's direction, particularly concerning its Integer BCG Matrix analysis.
Who Founded Integer?
The ownership journey of Integer Holdings Corporation began with the foundational contributions of several key individuals and their respective ventures. These early enterprises laid the groundwork for the company's future growth and specialization in critical technologies.
Uniform Tubes' Genesis
Albert H. Manwaring established Uniform Tubes in 1940, marking one of the earliest roots of the company. This venture focused on precision manufacturing, a core element that would persist.
Lake Region Manufacturing's Start
Joseph Fleischhacker Sr. founded Lake Region Manufacturing in 1947. His entrepreneurial spirit contributed to the diverse origins that would eventually form the modern entity.
Wilson Greatbatch's Innovation
Wilson Greatbatch, a pivotal figure, founded Wilson Greatbatch Ltd. in 1970. He is renowned for his groundbreaking work on the implantable pacemaker, patented in 1962.
Early Ownership Landscape
While precise initial equity distributions are not publicly detailed, the founders' contributions were crucial. Their focus was on technological advancement and high-quality production.
Collaborative Evolution
Early collaborations between these foundational companies were instrumental. These partnerships helped shape the trajectory towards the integrated entity known today.
Focus on Medical Technology
The early emphasis on innovation, particularly in medical device technology, set a precedent. This commitment to advancing healthcare solutions remained a guiding principle.
The foundational ownership of Integer Holdings Corporation is a story of converging innovations and entrepreneurial vision. The early ventures, though distinct, shared a common thread of technological advancement and a commitment to quality, particularly within the burgeoning medical device sector. Understanding who owns Integer today requires acknowledging these pioneering origins and the subsequent strategic consolidations that shaped its corporate structure. The company's evolution reflects a strategic integration of expertise, ultimately aiming to serve a broad Target Market of Integer.
Key Founding Figures and Contributions
The initial ownership structure was influenced by the founders of key predecessor companies. Their individual achievements and the businesses they built formed the bedrock of Integer Holdings Corporation.
- Albert H. Manwaring: Founder of Uniform Tubes (1940).
- Joseph Fleischhacker Sr.: Founder of Lake Region Manufacturing (1947).
- Wilson Greatbatch: Founder of Wilson Greatbatch Ltd. (1970), inventor of the implantable pacemaker.
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How Has Integer’s Ownership Changed Over Time?
Integer Holdings Corporation, originally Wilson Greatbatch Technologies, has undergone significant transformations since its 2000 IPO. The company's evolution, including its rebranding to Greatbatch, Inc. in 2005 and its subsequent merger and renaming to Integer Holdings Corporation in 2016, has shaped its current ownership landscape.
| Shareholder | Percentage Ownership (as of Dec 31, 2024) | Number of Shares (as of Dec 31, 2024) |
|---|---|---|
| Vanguard Group Inc. | 21.04% | 6,888,798 |
| BlackRock Fund Advisors | 8.78% | 2,875,273 |
| Dimensional Fund Advisors, Inc. (as of Mar 30, 2025) | 4.41% | |
| Invesco Ltd. (as of Mar 30, 2025) | ||
| Ameriprise Financial Inc. (as of Mar 30, 2025) | 4.13% | |
| Capital Research Global Investors (as of Mar 30, 2025) | 3.99% | |
| State Street Corp (as of Mar 30, 2025) | 3.76% |
As of the close of 2024, institutional investors held a substantial majority, approximately 73.12%, of Integer's outstanding stock. This significant institutional ownership underscores a strong level of market confidence in the company. The largest single shareholder is Vanguard Group Inc., which possessed 21.04% of the company's shares. Following closely is BlackRock Fund Advisors, holding 8.78% of the stock. Other prominent institutional investors with notable stakes as of March 30, 2025, include Dimensional Fund Advisors, Inc. at 4.41%, Ameriprise Financial Inc. at 4.13%, Capital Research Global Investors at 3.99%, and State Street Corp at 3.76%. These major stakeholders play a crucial role in the company's financial ownership structure and strategic direction.
Understanding Integer's Ownership
Integer Holdings Corporation is a publicly traded entity, meaning its stock is available for purchase on the New York Stock Exchange (NYSE) under the ticker symbol ITGR. The company's ownership is primarily distributed among institutional investors, reflecting broad market participation.
- Integer Company ownership is largely institutional.
- Vanguard Group Inc. is the largest shareholder.
- The company's stock ticker is ITGR.
- Integer Holdings Corporation is a publicly traded company.
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Who Sits on Integer’s Board?
The Integer Company's Board of Directors is responsible for guiding its strategic direction and ensuring robust corporate governance. Pamela G. Bailey currently chairs the board, overseeing its operations and deliberations.
| Director Name | Current Role | Key Transition/Appointment |
|---|---|---|
| Pamela G. Bailey | Chair of the Board | |
| Joseph W. Dziedzic | President and CEO (retiring Oct 24, 2025) | Will step down from the board upon retirement |
| Payman Khales | Chief Operating Officer | Succeeds Joseph W. Dziedzic as CEO on Oct 24, 2025; will join the Board of Directors |
| Sheila Antrum | Director | |
| Cheryl C. Capps | Director | |
| Michael J. Coyle | Director | Appointed July 10, 2025 |
| William B. Summers Jr. | Director (retiring May 21, 2025) | Retiring at the conclusion of his term after 24 years of service |
Integer Holdings Corporation operates under a straightforward one-share-one-vote system, meaning each share of common stock typically holds a single vote. This structure ensures that voting power is directly proportional to share ownership, without any publicly disclosed dual-class share arrangements or special voting rights that could concentrate control. The company's governance has remained stable, with no recent proxy contests or significant activist investor involvement reported, reflecting a consistent approach to stakeholder engagement and board oversight. The 2024 Annual Meeting of Stockholders, held on May 22, 2024, allowed stockholders of record as of March 25, 2024, to exercise their voting rights.
Board and Voting Power Dynamics
The voting power at Integer Company is directly tied to its common stock ownership. Key leadership transitions are underway, impacting the board's composition.
- One-share-one-vote structure is in place.
- No dual-class shares or special voting rights are publicly indicated.
- Joseph W. Dziedzic, current CEO, will retire on October 24, 2025.
- Payman Khales will assume the CEO role and join the board on October 24, 2025.
- William B. Summers Jr. is retiring from the board after 24 years of service.
- Stockholders of record as of March 25, 2024, were eligible to vote at the 2024 Annual Meeting.
- The company has experienced a stable governance environment with no recent proxy battles.
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What Recent Changes Have Shaped Integer’s Ownership Landscape?
Over the past few years, Integer Holdings Corporation has undergone significant strategic shifts and leadership transitions, impacting its ownership landscape. The company has actively pursued acquisitions to bolster its market position, alongside divestitures to streamline operations.
| Acquisition/Divestiture | Date | Amount | Purpose |
|---|---|---|---|
| Pulse Technologies Acquisition | January 2024 | $140 million | Deepen medical device coating footprint |
| Precision Coating Acquisition | February 2025 | Approximately $152 million | Enhance high-growth end market capabilities |
| VSi Parylene Acquisition | February 2025 | Approximately $28 million | Expand medical device coating market presence |
| Electrochem Business Divestiture | November 2024 | $50 million | Business streamlining |
Leadership changes are also a key recent development, with Joseph Dziedzic set to retire as President and CEO on October 24, 2025. Payman Khales, the current COO, will assume the CEO role and join the Board of Directors, with Dziedzic continuing as an advisor until March 2026. Integer also welcomed Lindsay Krause Blackwood as Senior Vice President, General Counsel, Chief Ethics and Compliance Officer and Corporate Secretary, and Sanjiv Arora as Senior Vice President, Strategy, Business Development and Investor Relations in April 2025.
Institutional Ownership Dominance
As of December 31, 2024, institutional investors held approximately 73.12% of Integer's stock. This trend continued into June 2025, with institutional ownership at 115.64%, indicating strong confidence from these entities.
Mutual Fund Holdings Growth
Mutual funds saw an increase in their holdings, rising from 99.05% to 99.31% between December 2024 and June 2025, reflecting a growing allocation to the company within these funds.
Insider Activity and Financing
Insider holdings grew slightly to 0.83% by June 2025. Despite some insider selling, including CEO Joseph Dziedzic's sale of shares worth approximately $41.75 million in May 2025, he also acquired shares via option exercises totaling about $3.12 million.
Financial Performance and Outlook
Integer's total debt reached $1.202 billion by June 27, 2025, largely due to acquisitions and a $1.0 billion convertible notes offering. The company reported strong Q2 2025 results, with sales up 11% to $476 million and adjusted EPS up 19% to $1.55, raising its 2025 outlook for adjusted operating income and EPS growth.
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