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Stryker buys Patient Safety Technologies for $108mm
11 Sep 2020
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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Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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Stryker buys Patient Safety Technologies for $108mm
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