Stryker to buy Patient Safety Technologies for $120M cash

January 2014
Medical Device Daily;1/2/2014, Vol. 18 Issue 1, p2
The article reports on acquisitions within the medical device industry in the U.S. as of January 2014. It notes that orthopedic medical technology provider Stryker has agreed to acquire patient safety solutions provider Patient Safety Technologies (PST) under an all cash deal valued at about 120 million dollars. The application platform ThingWorx has been acquired by technology solutions provider PTC under a deal valued at 112 million dollars with an earn-out of up to 18 million dollars.


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