Stryker announced an agreement to acquire Gaymar Industries, a company that supports surface and pressure ulcer management solutions as well as temperature management, for approximately $150 million in a transaction which is expected to close on Oct. 1, according to a company news release.
In 2009, Gaymar achieved sales of approximately $77 million, including $14 million relating to an OEM relationship with Stryker. Stryker chairman, president and CEO Stephen P. MacMillan expects the addition to expand the company portfolio to attract approximately $1.8 billion in the worldwide market.
Kent Davies, Gaymar CEO, said the acquisition will broaden the availability of Gaymar products.
Read the release on Stryker's acquisition.
Read other coverage on Stryker:
- Stryker Announces MIS Integration Agreement With Intuitive Surgical
- District Court Dismisses Kickback Allegations Against Stryker
- Stryker Interventional Spine Launches iVAS Inflatable Vertebral Augmentation System
In 2009, Gaymar achieved sales of approximately $77 million, including $14 million relating to an OEM relationship with Stryker. Stryker chairman, president and CEO Stephen P. MacMillan expects the addition to expand the company portfolio to attract approximately $1.8 billion in the worldwide market.
Kent Davies, Gaymar CEO, said the acquisition will broaden the availability of Gaymar products.
Read the release on Stryker's acquisition.
Read other coverage on Stryker:
- Stryker Announces MIS Integration Agreement With Intuitive Surgical
- District Court Dismisses Kickback Allegations Against Stryker
- Stryker Interventional Spine Launches iVAS Inflatable Vertebral Augmentation System