M&A
confidence high
sentiment neutral
materiality 0.75
iRhythm to acquire Vital Connect for $287.5M in cash and stock
iRhythm Holdings, Inc.
- Total consideration $287.5M: $237.5M cash + $50M in iRhythm common stock.
- Merger expected to close by end of 2026, subject to Vital Connect stockholder approval and HSR clearance.
- iRhythm provides interim funding of up to $30M (initial $10M) to Vital Connect pre-close.
- Reverse termination fee of $9M payable by iRhythm if deal fails due to antitrust issues.
- Vital Connect will survive as a wholly owned subsidiary of iRhythm Technologies.