Stryker expands ambulance services with Physio-Control buy

February 16, 2016 3:27 PM

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Medical device maker Stryker Corp said it would buy Physio-Control International Inc for $1.28 billion in cash to expand its emergency medical services business and raised its full-year earnings forecast for the second time this month.

Stryker has been on the look out for deals. The company earlier this month inked a deal with medical supplies maker Sage Products LLC for $2.78 billion and said it had the capacity and the capital for more deals.

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