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M&A Deal Summary

Stryker Acquires Patient Safety Technologies

On December 31, 2013, Stryker acquired healthcare services company Patient Safety Technologies for 120M USD

Acquisition Highlights
  • This is Stryker’s 6th transaction in the Healthcare Services sector.
  • This is Stryker’s 23rd largest (disclosed) transaction.
  • This is Stryker’s 13th transaction in the United States.
  • This is Stryker’s 2nd transaction in California.

M&A Deal Summary
Date 2013-12-31
Target Patient Safety Technologies
Sector Healthcare Services
Buyer(s) Stryker
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Patient Safety Technologies

Irvine, California, United States
Patient Safety Technologies, Inc.through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge System, a solution clinically proven to improve patient safety and reduce healthcare costs by helping eliminate retained surgical sponges.

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Buyer(S) 1

Buyer

Stryker

Portage, Michigan, United States
Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 22.6B USD (2024)
DESCRIPTION
Stryker's headquarters in Portage, Michigan.
Stryker's headquarters in Portage, Michigan.

Stryker is a medical technology company that offers innovative products and services in MedSurg, Neurotechnology and Orthopaedics including implants, surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, neurosurgical, neurovascular and spinal devices. Stryker was founded in 1941 and is based in Portage, Michigan.

DEAL STATS #
Overall 16 of 49
Sector: Healthcare Services M&A 6 of 7
Type: Add-on Acquisition M&A Deals 12 of 43
State: California M&A 2 of 9
Country: United States M&A 13 of 34
Year: 2013 M&A 3 of 3
Size (of disclosed) 23 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-25 MAKO Surgical

Ft. Lauderdale, Florida, United States

MAKO provides an advanced robotic solution and orthopedic implants for minimally invasive orthopedic knee procedures. MAKO's proprietary cleared, FDA robotic surgery system offers surgeons patient-specific visualization and the tools to safely treat early to mid-stage osteoarthritic knee disease in a reproducible manner.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Pivot Medical

Sunnyvale, California, United States

Pivot Medical, Inc. is a privately held company addressing a large unmet need in non-spine orthopedic areas. For strategic reasons the Company is yet not divulging specific information about their operations or the products they are developing.

Buy -
Mergr

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