Stryker plans to acquire defibrillator maker Physio-Control in $1.28B deal

February 16, 2016 2:49 PM

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Medical device company Stryker Corp. said Tuesday it will acquire defibrillator maker Physio-Control International from private-equity firm Bain Capital for $1.28 billion in cash.

Physio-Control's products are "highly complementary" to Stryker Medical's emergency medical services offerings, and the deal also expands Stryker's global presence, the company said in a statement.

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