Displaying items by tag: Stryker Corp
Stryker Corp. announced today that it closed on the $1.28 billion acquisition of Physio-Control International Inc.
KALAMAZOO — Stryker Corp. is so confident about the efficacy and reliability of a new surgical safety device that it’s willing to issue a guarantee to hospitals that use it.
As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation.
The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.
In reporting preliminary results for last year, the Kalamazoo-based Stryker (NYSE: SYK) said global sales topped $9.9 billion. Sales grew at a slightly higher rate on the fourth quarter, 6.4 percent, reaching $2.7 billion.