The acquisition gives Stryker access to the acute ischemic stroke market, as Concentric Medical's products include a device for removing thrombus in patients with acute ischemic stroke and several AIS access products.
Projected 2011 sales for Concentric are more than $30 million, and the transaction is expected to close early in the fourth quarter of this year.
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Stryker Accesses Stroke Market With Concentric Medical AcquisitionWritten by Laura Miller | September 01, 2011
Stryker has acquired Concentric Medical in a cash transaction for $135 million, according to a Stryker news release.
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