M&A Deal Summary

Stryker Acquires TSO3

On August 12, 2019, Stryker acquired medical products company TSO3

Acquisition Highlights
  • This is Stryker’s 28th transaction in the Medical Products sector.
  • This is Stryker’s 3rd transaction in Canada.
  • This is Stryker’s 1st transaction in Quebec.

M&A Deal Summary
Date 2019-08-12
Target TSO3
Sector Medical Products
Buyer(s) Stryker
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Lavery, de Billy
Nexsen Pruet (Legal)

Target

TSO3

Quebec, Quebec, Canada
TSO3 designs products for sterile processing areas in the hospital environment that offer an advantageous replacement solution to other low-temperature sterilization processes currently used in hospitals. TSO3 also offers services related to the maintenance of sterilization equipment and compatibility testing of medical devices with such processes. TSO3 is based in Quebec, Quebec.

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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 38 of 48
Sector (Medical Products) 28 of 35
Type (Add-on Acquisition) 32 of 42
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2019) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 OrthoSpace

Caesarea, Israel

OrthoSpace Ltd. is a medical device company. OrthoSpace's product, InSpace, is an orthopedic biodegradable balloon system that is simple, safe and a minimally invasive method that addresses unmet clinical needs in rotator cuff repair. OrthoSpace Ltd. was founded in 2009 and is based in Caesarea, Israel.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Mobius Imaging

Shirley, Massachusetts, United States

Mobius Imaging LLC is focused on integrating advanced imaging technologies into the medical workflow, which can enhance a clinician’s ability to obtain high-quality images. Its Airo TruCT scanner is a best-in-class mobile, real-time, diagnostic-quality CT imaging system. Cardan Robotics, founded in 2015, is working to develop innovative robotics and navigation technology systems for surgical and interventional radiology procedures.

Buy $500M
Mergr

Product

Company

Legal