AcquisitionsAug 6, 2026, 05:24 PM
iRhythm to acquire Vital Connect for $287.5M in cash and stock
AI Summary
iRhythm Holdings, Inc. announced it will acquire Vital Connect, Inc. through a merger agreement. The total consideration for the acquisition is $287.5 million, comprising $237.5 million in cash and $50 million in iRhythm common stock. The acquisition is anticipated to close by the end of 2026, subject to customary closing conditions and regulatory approvals. Additionally, iRhythm will provide Vital Connect with interim funding of up to $30 million to support its operations until the acquisition is complete.
Key Highlights
- iRhythm Holdings, Inc. to acquire Vital Connect, Inc.
- Aggregate consideration totals $287.5 million.
- Cash consideration of $237.5 million.
- Stock consideration of $50 million in iRhythm common stock.
- Acquisition expected to close by the end of 2026.
- Interim funding agreement for up to $30 million to Vital Connect.
- Reverse termination fee of $9.0 million payable by Acquirer under certain conditions.
Price Impact
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