Financial & Business

Stryker Completes Physio-Control Acquisition

Deal is valued at $1.28 billion.

Kalamazoo, Mich.-based Stryker Corporation has completed its previously announced acquisition of Physio-Control International Inc. (Physio-Control).  Physio-Control makes monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services.

As indicated in the February 16, 2016 press release, the transaction is expected to be slightly accretive to Stryker’s 2016 adjusted net earnings per diluted share and to be accretive thereafter.

The cash deal was valued at $1.28 billion.

“Physio-Control has achieved global leadership positions with a strong brand and customer-centered solutions that can predict or intervene in life-threatening emergencies,” said Stryker CEO Kevin Lobo in February.

Add us as a preferred source on Google

Get the latest Medical Product Outsourcing news, insights and analysis in your Google Search and AI experiences.

Keep Up With Our Content. Subscribe To Medical Product Outsourcing Newsletters