Stryker hopes Berchtold’s surgical tables, lighting systems and other operating room and ICU equipment will complement its existing portfolio to create a "comprehensive, quality-focused offering equipped to satisfy a wide range of customer needs around the globe."
The acquisition, announced in February, should be neutral to Stryker’s 2014 adjusted earnings, the company said. Stryker didn’t provide any updates on the financial terms of its latest acquisition.
Stryker has been nabbing up companies left and right, having just last month closed acquisitions of both Patient Safety Technologies, a $120 million deal, and Pivot Medical, the terms of which were not made public.
SYK shares were down 2% today, trading at $78.18 as of about 12:00 p.m. EST.