M&A Deal Summary

Stryker Acquires BioAvascular Solutions

On July 15, 2009, Stryker acquired life science company BioAvascular Solutions from Schwartz Biomedical

Acquisition Highlights
  • This is Stryker’s 1st transaction in the Life Science sector.
  • This is Stryker’s 4th transaction in the United States.
  • This is Stryker’s 1st transaction in Indiana.

M&A Deal Summary
Date 2009-07-15
Target BioAvascular Solutions
Sector Life Science
Buyer(s) Stryker
Sellers(s) Schwartz Biomedical
Deal Type Divestiture
Advisor(s) True North Strategic Advisors (Financial)

Target

BioAvascular Solutions

Fort Wayne, Indiana, United States
BioDuct LLC engages in the development and production of tiny duct prototypes to facilitate blood flow to heal damaged meniscus tissue in the knee.

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Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States
Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 20.5B USD (2023)
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 4 of 48
Sector (Life Science) 1 of 1
Type (Divestiture) 2 of 6
State (Indiana) 1 of 1
Country (United States) 4 of 33
Year (2009) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Physiotherapy Associates

Exton, Pennsylvania, United States

Physiotherapy Associates, Inc. is a provider of outpatient physical rehabilitation care offering a wide range of services, including general orthopedics, spinal care and neurological rehabilitation, as well as orthotics and prosthetics services.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 ParaMed

Sandy, Utah, United States

ParaMed Corporation manufactures and markets products for emergency evacuation in medical, industrial and commercial applications.

Buy -

Seller(S) 1

SELLER

Schwartz Biomedical

Fort Wayne, Indiana, United States
Category Company
Sector Life Science
DESCRIPTION

Schwartz Biomedical, LLC, is an orthopaedic tissue engineering company located in the Northeast Indiana Innovation Center in Fort Wayne, Indiana.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
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