Stryker to Acquire Wright Medical for $5.4B

Shots:

• Stryker to acquire Wright Medical in all cash transaction for $30.75/share or a total equity value of $4.0B, making a total deal value as $5.4B. The acquisition is expected to be closed in H2’20
• The focus of the acquisition is to robust Stryker’s presence in the market with the addition of Wright Medical’s lower extremity and biologics portfolio while Wright Medical’s pper extremity portfolio and advanced preoperative planning technology will significantly add to Stryker’s offering
•  Wright Medical is a global device company focused on upper extremities (shoulder, elbow, wrist, and hand), lower extremities (foot and ankle) and biologics with the global sale approaching $1B

Click here to­ read full press release/ article | Ref: GlobeNewswire | Image: Orthopedic Design & Technology