Stryker entered into definitive agreements to acquire Berchtold Holding and Pivot Medical, according to a Health Point Capitalreport.
Berchtold Holding is a provider of surgical infrastructure equipment, and Stryker will acquire the company for an enterprise value of $172 million. The deal is expected to close in the second quarter of FY 2014.
Pivot Medical is a developer of hip arthroscopy products that focus on treating femoroacetabular impingement syndrome. The terms of the agreement were not disclosed. The deal is expected to close in the first quarter of FY 2014.
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