Stryker acquired Sage Products from Madison Dearborn Partners for $2.7 billion.
Here are five takeaways:
1. Madison Dearborn Partners acquired a majority ownership position in Sage Products in December 2012.
2. Sage Products will be strongly positioned to achieve continued growth, create more opportunities for Sage employees and continue its commitment to active community engagement.
3. Sage Products plans to continue to operate under its existing brand name as part of Stryker’s medical division.
4. Sage Products is a developer of innovative products used to prevent hospital-acquired conditions.
5. Stryker, headquartered in Kalamazoo, Mich., is one of the world’s leading medical technology companies, offering a diverse array of innovative products and services in orthopedics, medical and surgical and neurotechnology and spine.