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Stryker acquires OtisMed

Posted on: Wed, 11 Nov 2009 13:56:00 EST

Symbols: SYK

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Nov 11, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
SYK | Quote | Chart | News | PowerRating -- Stryker Corporation has acquired OtisMed Corporation, a software technology firm focused on providing solutions for clinical problems in joint replacement and orthopedics. Stryker is a developer, manufacturer and marketer of specialty surgical and medical products. Both the companies are based in the US.

Following the acquisition, OtisMed will be operated as part of Stryker's Orthopaedics division.

In addition, Stryker has entered into definitive agreements with Mutoh Co., Ltd. and Synergetics USA, Inc. to acquire assets used to produce the Sonopet Ultrasonic Aspirator control consoles, hand pieces and accessories as well as the worldwide rights to market and sell these products.

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-11-10

Deal Participants

Target (Company)   OtisMed Corporation
Acquirer (Company) Stryker Corporation

For full details on Stryker Corp (SYK) SYK. Stryker Corp (SYK) has Short Term PowerRatings at TradingMarkets. Details on Stryker Corp (SYK) Short Term PowerRatings is available at This Link.

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