Tue Dec 31, 2013 9:21am EST
Dec 31 (Reuters) - Stryker Corp said it would buy Patient Safety Technologies Inc for $120 million to gain access to Patient Safety's device to reduce the risk of surgical sponges being left in patients after surgery.
The medical technology company will pay $2.22 per share for Patient Safety, which represents a 50 percent premium to the stock's closing price on Monday.
Dec 31 (Reuters) - Stryker Corp said it would buy Patient Safety Technologies Inc for $120 million to gain access to Patient Safety's device to reduce the risk of surgical sponges being left in patients after surgery.
The medical technology company will pay $2.22 per share for Patient Safety, which represents a 50 percent premium to the stock's closing price on Monday.
via Smart Health Shop Forum http://feedproxy.google.com/~r/SmartHealthShopForum/~3/WymVBP3LJJs/17177-stryker-buy-patient-safety-technologies-120-mln.html
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