by
Gail Kalinoski, Contributing Reporter | February 17, 2016
Skadden, Arps, Slate, Meagher & Flom L.L.P. are serving as outside counsel for Stryker. Citi and Jefferies L.L.C. acted as financial advisors, and Kirkland & Ellis L.L.P. served as legal counsel to Bain Capital.
This is the third deal announced this month by Stryker. Last week, the company said it planned to acquire all the assets in Synergetics USA Inc.’s neuro portfolio in an all-cash transaction. The amount wasn’t disclosed but Synergetics’ portfolio, which includes the Malis generator and Spetzler Malis disposable forceps, had OEM sales of approximately $31 million in 2015, according to Stryker. The acquisition is expected to close before the end of the first quarter.
Ad Statistics
Times Displayed: 1581
Times Visited: 8 Keep biomedical devices ready to go, so care teams can be ready to care for patients. GE HealthCare’s ReadySee™ helps overcome frustrations due to lack of network and device visibility, manual troubleshooting, and downtime.
Earlier this month, Stryker announced it was
buying Sage Products for $2.8 billion in cash, one of its biggest deals to date. The 45-year-old company located in Cary, Ill., makes products designed to prevent hospital-based conditions, including solutions for oral care, skin preparation and protection, and patient hygiene. It had sales of $430 million in fiscal 2015, a 13 percent year-over-year increase. The Sage transaction is expected to close in the second quarter.
Back to HCB News
