Stryker’s Patient Safety Technologies Tuck-In Is Sign Of Things To Come
This article was originally published in Start Up
Executive Summary
Stryker’s acquisition of Patient Safety Technologies was a small tuck-in for a company with $8.7 billion in revenues, and the acquired product somewhat mundane. Patient Safety Technologies’ subsidiary SurgiCount Medical Inc. makes a surgical sponge counting system to make sure surgeons don’t leave sponges inside patients by mistake, but the small size of the deal belies its importance as an example of how medical device companies must change to meet the demands of our changing health care system.
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