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STRYKER CORPORATION TO ACQUIRE A MINORITY INTEREST IN ITS JAPANESE DISTRIBUTOR

 KALAMAZOO, Mich., June 2 /PRNewswire/ -- Stryker Corporation (NASDAQ-NMS: STRY) today announced that it has agreed to purchase 20 percent of the outstanding shares of Matsumoto Medical Instruments, Inc., Osaka, Japan. Matsumoto is one of the largest distributors of medical devices in Japan and the exclusive distributor of most Stryker products in that country. Matsumoto had net sales of approximately $160 million in 1992. The investment is expected to be completed in August 1993 at a cost, which is based on net book value, of approximately $30 million.
 John W. Brown, chairman of Stryker Corporation, said that he was delighted to have the opportunity to further strengthen the relationship between the two companies. Matsumoto began distributing Stryker products in 1969 and today is Stryker's largest customer. This investment is not expected to have a material impact on Stryker's net income.
 Stryker Corporation develops, manufactures and markets specialty surgical and medical products including orthopedic implants, endoscopic systems, powered surgical instruments and patient handling equipment for the global market. Its shares are traded in the over-the-counter market on the NASDAQ National Market System under the symbol STRY.
 -0- 6/2/93
 /CONTACT: David J. Simpson, vice president, chief financial officer and secretary, Stryker Corporation, 616-385-2600/
 (STRY)


CO: Stryker Corporation ST: Michigan IN: MTC SU: TNM

ML -- DE007 -- 4295 06/02/93 08:23 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
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