Here are four key notes:
1. The transaction is expected to be neutral on the company’s earnings per share excluding acquisition, integration-related and intangible amortization charges for this year.
2. Muka Metal is a privately-held business selling hospital beds, stretchers and related patient room furniture and accessories. It serves markets across Turkey and other regions globally.
3. The two companies have had a distribution agreement for Latin America since 2012. The acquisition will expand Stryker’s global presence in key markets with Muka’s product portfolio to complement current offerings.
4. Stryker acquired the company in an all-cash transaction.
More articles on orthopedic devices:
NovaBone receives FDA approval for MIS system: 5 things to know
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Amedica releases lumbar interbody spinal fusion device
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