Stryker plans to acquire defibrillator maker Physio-Control in $1.28B deal
Medical device company Stryker Corp. said Tuesday it will acquire defibrillator maker Physio-Control International from private-equity firm Bain Capital for $1.28 billion in cash.
Physio-Control's products are "highly complementary" to Stryker Medical's emergency medical services offerings, and the deal also expands Stryker's global presence, the company said in a statement.
Physio-Control, which makes and markets defibrillators as well as CPR-assist devices, had sales of $503 million in fiscal 2015, up 6% over the previous year.
Officials said they expect the deal to close at... read more
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