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Stryker Expands ENT Breadth With $600m-Plus Deal

The orthopedic giant is acquiring Entellus Medical for $24.00 per share, adding to its ear, nose and throat device portfolio with Entellus platforms including XprESS multi-sinus dilation system and the Latera absorbable nasal implant.

Stryker Corp. says it will bring on a set of ENT technologies that are highly complementary to its current offering with the addition of Entellus Medical Inc. to its organization. The large device firm announced on a definitive agreement Dec. 7 to buy Entellus for $24.00 per share, or an equity value of $662m.

Entellus, founded in 2006 in Plymouth, Minn., and traded on the NASDAQ, markets a broad range of ENT devices, including the XprESS multi-sinus dilation system, cleared for multiple applications. Entellus...

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