Stryker to buy Physio-Control for $1.28B
Stryker hopes to expand its product offerings and broaden its global reach with the acquisition.
Privately held Physio-Control develops, makes and markets monitors/defibrillators, automated external defibrillators, CPR-assist devices and data management and support services. The company had fiscal 2015 sales of $503 million.
The transaction is expected to close at the start of the second quarter.
Stryker Corp. is based in Kalamazoo, Michigan, USA.