Integra LifeSciences to tap LoC for Ascension Orthopedics acquisition

By Susanna Moon

Chicago, Sept. 9 - Integra LifeSciences Holdings Corp. said it plans to draw from its line of credit to fund its acquisition of Ascension Orthopedics, Inc. for $65 million in cash.

Integra also plans to use cash on hand, according to a company press release.

"Ascension is an ideal strategic fit for Integra, as it reinforces our commitment to and presence in the fast-growing extremities space," Stuart Essig, Integra's chief executive officer, said in the release.

Integra is a medical device company located in Plainsboro, N.J.

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