Stryker - M&A Summary and Business Overview

Medical ProductsCompany

Stryker M&A Summary

Stryker has acquired 51 companies, including 11 in the last 5 years. A total of 18 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 Water Street Healthcare Partners for $150M. Stryker has acquired in 20 different US states, and 10 countries. The Company’s most targeted sectors include medical products (76%) and healthcare services (14%).

Stryker Business Overview

Where is Stryker headquartered?

Stryker is headquartered in Kalamazoo, Michigan.

What is Stryker’s revenue?

Stryker disclosed revenue of 18,449M USD for 2022 and 17,108M USD for 2021.

How many employees does Stryker have?

Stryker has 51,000 employees.

What sector is Stryker in?

Stryker is a medical products company.

When was Stryker founded?

Stryker was founded in 1941.

M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity45
    • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 41 - 2 1 1 - 45
vol $17.6B $3.1B $20.7B
Sell (0.6/yr) # 2 1 1 1 - - 5
vol $150M $150M
  50

Most Recent M&A

Company Date Value Type
Serf 2023-12-18 - Add-on Acquisition
Décines-Charpieu, France · www.serf.fr
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
Zipline Medical 2019-12-01 - Add-on Acquisition
Campbell, California · www.ziplinemedical.com
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
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 34 (76%) 17.0B (82%) 3 (60%) -
Healthcare Services 6 (13%) 675M (3%) 2 (40%) 150M (100%)
Manufacturing 3 (7%) - - -
Life Science 1 (2%) - - -
Technology Hardware 1 (2%) 3.1B (15%) - -
Total 45 $20.7B 5 $150M

By Geo

State/Country Buy Value Sell Value
United States 30 13.0B 5 150M
  California 7 3.3B - -
  Florida 3 1.7B - -
  Michigan - - 3 -
  New Jersey 2 - - -
  Massachusetts 2 500M - -
  Texas 1 - 1 -
  Pennsylvania 1 316M 1 150M
  Arizona 1 525M - -
  Washington 1 1.3B - -
  Virginia 1 1.4B - -
  Utah 1 - - -
  South Carolina 1 - - -
  North Carolina 1 220M - -
  New York 1 150M - -
  Montana 1 - - -
  Minnesota 1 662M - -
  Indiana 1 - - -
  Illinois 1 2.8B - -
  Georgia 1 - - -
  Connecticut 1 135M - -
  Colorado 1 - - -
Canada 3 701M - -
  Ontario 2 701M - -
  Quebec 1 - - -
France 3 333M - -
Germany 2 172M - -
Israel 2 355M - -
China 1 764M - -
Netherlands 1 5.4B - -
Switzerland 1 - - -
Turkey 1 - - -
United Kingdom 1 55M - -
Domestic 30 (67%) 13.0B (62%) 5 (100%) 150M (100%)
Cross-border 15 (33%) 7.8B (38%) - -
Total 45 $20.7B 5 $150M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
3
Barclays Investment Bank
1
Goldman Sachs
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
5
Sullivan & Cromwell
2
Blake, Cassels & Graydon 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)
27%
12 (27%)
Strategic(s)
13%
6 (13%)
Divested to
Investor(s)
20%
1 (20%)
Strategic(s)
80%
4 (80%)

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