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Stryker acquires Pfizer's Howmedica unit for $1.65bn cash
13 Jul 1999
Executive Summary
Stryker, the world's fifth largest orthopedic implant maker, will acquire Pfizer's Howmedica orthopedic device division for $1.9bn in cash, creating what analysts estimate will be a company with about 15% of the $10bn global orthopedics market.
Deal Industry
- Biotechnology
- Medical Devices
-
Medical Devices
- Biomaterials
- Implantable Devices
- Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Cash
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Stryker acquires Pfizer's Howmedica unit for $1.65bn cash
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