Stryker completes $1.4B acquisition of K2M — 3 notes

Spinal Tech

Stryker closed its agreement to purchase K2M for $1.4 billion.

K2M designs complex spine and minimally invasive devices and technology.

Here are three things to know:

1. The deal was finalized Nov. 9 after K2M shareholders approved the acquisition Nov. 7. 

2. K2M stockholders will receive $27.50 in cash per share.

3. K2M Chairman, CEO and President Eric Major will serve as president of Stryker's spine division.

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