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Stryker buys Patient Safety Technologies for $108mm

Executive Summary

Device giant Stryker Corp. agreed to buy Patient Safety Technologies Inc. (PST; has a technology to prevent retained surgical sponges). Stryker offered $2.22 per common share in cash (a 51% premium), and cash in exchange for their preferred shares ($100 for each of 11k Series A preferred, and $296 for each of 70k Series B shares). The total deal value is about $108mm.

Deal Industry
  • Medical Devices
  • Medical Devices
    • Surgical Equipment & Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Includes Contract
    • Payment Includes Cash

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