Stryker (NYSE:SYK) continued its acquisition spree yesterday with the purchase of SafeWire’s spine device line for an undisclosed amount.
SafeWire’s Y-Wire guidewire and Tiger Jamshidi needle family are slated to join Stryker Spine’s portfolio of minimally invasive devices, the Kalamazoo, Mich.-based company said.
“We are excited to bring this important complementary technology into the Stryker family,” Stryker Spine president Brad Paddock said in prepared remarks. “This acquisition increases our competitive advantage as we broaden our product line and extend our customer base among teaching facilities, competitive accounts, and existing SafeWire customers.”
Last week Stryker closed the $1.3 billion acquisition of automated external defibrillator maker Physio-Control, just days after putting a bow on its $2.7 billion buyout of Sage Products and the deal for Synergetics‘s (NSDQ:SURG) neurostimulation assets for an undisclosed amount.