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Stryker Completes Physio-Control Acquisition

Deal is valued at $1.28 billion.

By: Stryker Corp.

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.

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