Stryker (NYSE:SYK) shares slipped today after the medical device company said it’s recalling some of the products sold by subsidiary Sage Products and narrowed its outlook for the rest of the year. Kalamazoo, Mich.-based Stryker paid $2.7 billion in April 2016 for Sage and its line of products designed to prevent so-called “never events.” But […]
Sage Products
Stryker’s Sage Products invests $3.4m to expand HQ
Stryker (NYSE:SYK) subsidiary Sage Products purchased 27 acres of land in Cary, Ill. for $3.4 million, looking to expand its headquarters in the area, according to a Daily Herald report. Sage makes products for oral care, skin preparation & protection, patient cleaning & hygiene, turning & positioning and heel care. The planned expansion includes an 810,000 square foot addition to the […]
Stryker’s Sage Products expands med wipes recall over B. cepacia contamination concerns
Stryker‘s (NYSE:SYK) Sage Products subsidiary is expanding its voluntary worldwide recall to include lots of impregnated cloth topical skin products over contamination issues with the bacteria Burkholderia cepacia, according to an FDA notice. The recall includes Sage Products’ Comfort Shield barrier cloths, incontinence clean-up cloths, M-care meatal cleansing cloths, Comfort Bath cleansing washcloths and .2% […]
Stryker closes Sage Products, Synergetics buys
Stryker (NYSE:SYK) said today that it closed a pair of acquisitions, 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. The deal for Sage Products, which makes a line of disposable devices designed to reduce so-called “never events” in intensive care and surgical settings, was […]
Stryker prices $3.5B notes offering
Stryker (NYSE:SYK) said yesterday that it priced a senior notes offering worth $3.5 billion. The 4-tranche flotation consists of $750 million in 3-year, 2.0% fixed notes due in March 2019; $750 million in 5-year 2.625% fixed notes due in March 2021; $1.0 billion in 10-year 3.5% fixed notes due in March 2026; and another $1.0 billion in 30-year 4.625% fixed notes […]
Stryker to pay $2.8B for Sage Products ‘never event’ devices
Stryker (NYSE:SYK) said today that it inked a deal to pay nearly $2.78 billion for Sage Products and its line of disposable devices designed to reduce so-called “never events” in intensive care and surgery settings. Cary, Ill.-based Sage makes products for oral care, skin preparation & protection, patient cleaning & hygiene, turning & positioning and heel care. Sales for the […]
GPOs: Premier inks new supply contracts
Group purchasing organization Premier Healthcare Alliance inked a pair of new contracts with U.S. medical device companies.
Deals for oral care products went to Kimberly-Clark (NYSE:KMB) and to hospital supplies company Sage Products.
