Stryker In Neverland: Firm Ups Focus On Averting Avoidable Events With Sage Acquisition
This article was originally published in The Gray Sheet
Stryker will pay nearly $2.8 billion to buy Sage Products and its portfolio of products to prevent health care "never events," which hospitals are increasingly motivated to avoid.
You may also be interested in...
Automated external defibrillator firm Physio-Control will sit in Stryker's existing Emergency Medical Services business once the $1.28 billion acquisition is complete. The expanded division will be "the segment leader in EMS equipment,” Stryker says.
Stryker added to its neuro device mix with the acquisition of Synergetics USA's portfolio, leaving the firm's ophthalmic device line with Valeant Pharmaceuticals.
The new company, set to launch on Nov. 1 as Halyard Health, will focus on products intended to stop hospital acquired infections as well as pain, respiratory, and digestive health devices.