M&A Deal Summary

Stryker Acquires Physio-Control

On February 16, 2016, Stryker acquired medical products company Physio-Control from Bain Capital Private Equity for 1.3B USD

Acquisition Highlights
  • This is Stryker’s 14th transaction in the Medical Products sector.
  • This is Stryker’s 6th largest (disclosed) transaction.
  • This is Stryker’s 17th transaction in the United States.
  • This is Stryker’s 1st transaction in Washington.

M&A Deal Summary

Date 2016-02-16
Target Physio-Control
Sector Medical Products
Buyer(s) Stryker
Sellers(s) Bain Capital Private Equity
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Physio-Control

Redmond, Washington, United States
website
Physio-Control, Inc. develops, manufactures and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services.

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Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States

website


Category Company
Founded 1941
Sector Medical Products
Employees51,000
Revenue 18.4B USD (2022)
DESCRIPTION
Stryker's corporate headquarters in Kalamazoo, Michigan.
Stryker's corporate headquarters in Kalamazoo, Michigan.

Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.


DEAL STATS #
Overall 23 of 45
Sector (Medical Products) 14 of 34
Type (Add-on Acquisition) 18 of 39
State (Washington) 1 of 1
Country (United States) 17 of 30
Year (2016) 3 of 8
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Synergetics USA - Neuro Portfolio

O’Fallon, Montana, United States

Synergetics USA, Inc. - Neuro Portfolio includes the Malis generator, Spetzler Malis disposable forceps.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Safe Wire

Cooper City, Florida, United States

Safe Wire LLC is a medical technology company, engages in manufacturing of Y-Wire guidewire and Tiger Jamshidi Needle Family for use in minimally invasive spine surgery. Y-Wire features a patented feature that is designed to mitigate potential wire-based complications, such as inadvertent advancement of the guidewire through bone, accidental pullout, kinking, or wire migration.

Buy -

Seller(S) 1

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 76 of 138
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 19 of 40
State (Washington) 3 of 4
Country (United States) 50 of 84
Year (2016) 1 of 15
Size (of disclosed) 22 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 American Trailer Works

Sumner, Texas, United States

American Trailer Works is a manufacturer and distributor of utility and cargo trailers in North America. American Trailer Works sells trailers through independent dealers and national retailers under the PJ Trailers, Carry-On Trailer, RC Trailers, Middlebury Trailers and other private-label brand names.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Quest Global Services

Singapore , Singapore

Quest Global Services is a global engineering solutions provider with a proven track record of serving the product development & production engineering needs of high technology companies. Quest Global Services was founded in 1997 and is based in Singapore.

Buy -