Greatbatch, Inc. recently announced that it has acquired Lake Region Medical pursuant to a deal valued at about $1.73 billion. Reuters reports that Greatbatch will pay $478 million in cash, issue 5.1 million shares of stock to Lake Region Medical shareholders, and According to The Buffalo News , Lake Region Medical is a private company and OEM manufacturer of minimally invasive medical devices in the Cardio & Vascular and Advanced Surgery markets.