Stryker (SYK) Declares $0.38 Quarterly Dividend; 1.6% Yield

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Go back to Stryker (SYK) Declares $0.38 Quarterly Dividend; 1.6% Yield

Stryker Announces Definitive Agreement to Acquire Synergetics USA, Inc.'s Neuro Portfolio

February 10, 2016 8:02 AM EST

Kalamazoo, Michigan - February 10, 2016 - Stryker Corporation (NYSE: SYK) announced today a definitive agreement to acquire all of the assets associated with Synergetics USA, Inc.'s neuro portfolio in an all cash transaction. The portfolio includes the Malis generator, Spetzler Malis disposable forceps, and Stryker's existing Sonopet tips and RF generator.  The Synergetics' portfolio achieved OEM sales in 2015 of approximately $31 million.

"The acquisition of the Synergetics neuro portfolio is highly complementary to Stryker Instruments' Neuro Spine & ENT (NSE) business and is aligned with NSE's strategy of expanding its neurosurgical product offering,"... More