by SAMANTHA PAK, Redmond Reporter Reporter
With medical technology products and services in the fields of orthopedics, medical and surgical, and neurotechnology and spine to its name, Stryker Corp. will soon be adding cardiology to its repertoire thanks to its recent purchasing of a Redmond-based company.
Last month, Stryker Corp. agreed to acquire Physio-Control in Redmond for $1.28 billion.
According to a Physio-Control press release, Stryker acquiring the company is an all-cash transaction for 100 percent of its stock. Physio-Control is a portfolio company of Bain Capital Private Equity.
“(Physio-Control’s) portfolio is highly complementary to Stryker Medical’s EMS (Emergency Medical Services) offering and will drive a greater balance between capital and disposables,” the release states. “Physio-Control also brings an enhanced presence and infrastructure that will expand Stryker’s global footprint.”
