Stryker Mergers and Acquisitions Summary

Medical ProductsCompany

Stryker has acquired 48 companies, including 16 in the last 5 years. A total of 16 acquisitions came from private equity firms. It has also divested 5 assets.

Stryker’s largest acquisition to date was in 2019, when it acquired Wright Medical Group N.V. for $5.4B. It’s largest disclosed sale occurred in 2007, when it sold Physiotherapy Associates to Wind Point Partners for $150M. Stryker has acquired in 20 different US states, and 10 countries. The Company’s most targeted sectors include medical products (75%) and healthcare services (14%).

Join Mergr and gain access to Stryker’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity43
    • M&A Sell Activity5
  • Total Sectors Invested 5
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 25
  • M&A Advisors 13

Stryker

Stryker Corp.

2825 Airview Boulevard,
Kalamazoo, Michigan 49002
United States,
(269) 385-2600
www.stryker.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.2/yr) # 32 3 5 - 2 1 43
vol $9.9B $1.6B $6.1B $3.1B $20.7B
Sell (0.6/yr) # 2 - - 1 1 1 5
vol $150M $150M
  48

Most Recent M&A

Company Date Value Type
Stryker Corp. - Juvenile Tumour System 2022-06-13 - Divestiture
Kalamazoo, Michigan
Vocera Communications, Inc. 2022-01-06 3.1B USD Add-on Acquisition
San Jose, California · www.vocera.com
Gauss Surgical 2021-09-07 - Add-on Acquisition
Menlo Park, California · www.gausssurgical.com
Stryker Corp. - T/Pump Product 2021-02-16 - Divestiture
Kalamazoo, Michigan
OrthoSensor, Inc. 2021-01-06 - Add-on Acquisition
Dania Beach, Florida · www.orthosensor.com
Stryker Corp. - Value-Based Care Business (BPCI) 2020-10-14 - Divestiture
Kalamazoo, Michigan
Wright Medical Group N.V. 2019-11-04 5.4B USD Add-on Acquisition
Amsterdam, Netherlands · www.wright.com
Mobius Imaging LLC 2019-09-04 500M USD Add-on Acquisition
Shirley, Massachusetts · www.mobiusimaging.com
TSO3, Inc. 2019-08-12 - Add-on Acquisition
Quebec, Quebec · www.tso3.com
OrthoSpace Ltd. 2019-03-14 220M USD Add-on Acquisition
Caesarea, Israel · www.orthospace.co.il
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Stryker Biotech, LLC    - Stryker Biotech - OP-1 Product Family 2011-02-01 1
Hopkinton, Massachusetts Lebanon, New Hampshire

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 32 (74%) 17.0B (82%) 3 (60%) -
Healthcare Services 6 (14%) 675M (3%) 2 (40%) 150M (100%)
Manufacturing 3 (7%) - - -
Life Science 1 (2%) - - -
Technology Hardware 1 (2%) 3.1B (15%) - -
Total 43 $20.7B 5 $150M

By Geo

State/Country Buy Value Sell Value
United States 29 13.0B 5 150M
  California 6 3.3B - -
  Florida 3 1.7B - -
  Michigan - - 3 -
  New Jersey 2 - - -
  Massachusetts 2 500M - -
  Texas 1 - 1 -
  Pennsylvania 1 316M 1 150M
  New York 1 150M - -
  Montana 1 - - -
  Minnesota 1 662M - -
  Indiana 1 - - -
  Illinois 1 2.8B - -
  Georgia 1 - - -
  Connecticut 1 135M - -
  Colorado 1 - - -
  Arizona 1 525M - -
  Washington 1 1.3B - -
  Virginia 1 1.4B - -
  Utah 1 - - -
  South Carolina 1 - - -
  North Carolina 1 220M - -
Canada 3 701M - -
  Ontario 2 701M - -
  Quebec 1 - - -
France 2 333M - -
Germany 2 172M - -
Israel 2 355M - -
China 1 764M - -
Netherlands 1 5.4B - -
Switzerland 1 - - -
Turkey 1 - - -
United Kingdom 1 55M - -
Domestic 29 (67%) 13.0B (62%) 5 (100%) 150M (100%)
Cross-border 14 (33%) 7.8B (38%) - -
Total 43 $20.7B 5 $150M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
3
BNP Paribas Corporate and Investment Banking
1
J.P. Morgan Securities LLC
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
5
Sullivan & Cromwell LLP
2
Covington & Burling LLP
1

Deal Values

buy # Total
> $1B 6 $15.6B
$100M to $1B 16 $5.1B
< $100M 1 $55M
TOTAL $20.7B
Largest Wright Medical Group N.V.
$5.4B (2019-11-04)
sell # Total
$100M to $1B 1 $150M
TOTAL $150M
Largest Physiotherapy Associates, Inc.
$150M (2007-06-04)

M&A Connections

Deals
Acquired from
Investor(s)
26%
11 (26%)
Strategic(s)
14%
6 (14%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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