- Associated Press - Tuesday, February 16, 2016

KALAMAZOO, Mich. (AP) - Medical technology company Stryker is buying Physio-Control International Inc. for $1.28 billion, which will help expand its product offerings and broaden its global reach.

Privately held Physio-Control develops, makes and markets monitors/defibrillators, automated external defibrillators, CPR-assist devices and data management and support services. The company had fiscal 2015 sales of $503 million.

The transaction is expected to close at the start of the second quarter.

Shares of Stryker Corp., which is based in Kalamazoo, Michigan, rose 7 cents to $97.40 in afternoon trading.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide