Greatbatch, a global medical device outsource manufacturer, acquired Lake Region Medical, which collaborates with the world's leading medical device companies to deliver life-changing innovations that enhance the lives of patients, from KKR and Bain Capital for $1.7bn. "I am very proud of the Lake Region Medical team and what they have accomplished over many years," said Donald J. Spence, chairman and chief executive officer, Lake Region Medical. "Today marks the start of an important new chapter for the Company and I am confident the combination of Lake Region Medical and Greatbatch will form an even stronger entity with unmatched technology and manufacturing capabilities to better serve our customers into the future."