Stryker Acquires Gaymar Industries for $150M

Stryker announced an agreement to acquire Gaymar Industries, a company that supports surface and pressure ulcer management solutions as well as temperature management, for approximately $150 million in a transaction which is expected to close on Oct. 1, according to a company news release.

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In 2009, Gaymar achieved sales of approximately $77 million, including $14 million relating to an OEM relationship with Stryker. Stryker chairman, president and CEO Stephen P. MacMillan expects the addition to expand the company portfolio to attract approximately $1.8 billion in the worldwide market.

Kent Davies, Gaymar CEO, said the acquisition will broaden the availability of Gaymar products.

Read the release on Stryker’s acquisition.

Read other coverage on Stryker:

– Stryker Announces MIS Integration Agreement With Intuitive Surgical

– District Court Dismisses Kickback Allegations Against Stryker

– Stryker Interventional Spine Launches iVAS Inflatable Vertebral Augmentation System

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