Stryker to Purchase Another Healthcare Company

Stryker will be acquiring Patient Safety Technologies, Inc., a company focused on improving surgical results and reducing healthcare costs. As reported by the Wall Street Journal last December 31, 2013, Stryker will be paying around $120 million for this acquisition.

According to the media report, by joining forces with Stryker, Patient Safety Technologies hopes to “optimize the perioperative experience by reducing hazards, streamlining operations, and improving outcomes for patients and caregivers.”

This deal with Patient Safety Technologies came right after Stryker finalized its acquisition of Mako Surgical Corporation, another medical company that invented a robotic surgical system to assist surgeons during joint replacement operations.

 

Read More: Stryker Announces Acquisition of Patient Safety Products Company

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