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Stryker finalises Orthovita takeover.

MANews-(C)2009-2011

US orthopaedic implants and medical equipment maker Stryker Corp (NYSE:SYK) on Tuesday said it had wrapped up the acquisition of orthobiologic and biosurgery products specialist Orthovita (NASDAQ:VITA).

The deal will significantly increase Strykera[euro](tm)s orthobiologics product portfolio and enhance its position in the spine, orthopaedics and biosurgery sectors, the buyer said in a press release.

The deal, worth USD3.85 (EUR2.70) per share, or a total of USD316m, was announced on 16 May.

It will have no impact on Stryker's 2011 earnings per share, the buyer added.Country: , USASector: HealthcareTarget: Orthovita IncBuyer: Stryker CorporationDeal size in USD: 316mType: Corporate acquisitionStatus: Closed

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Publication:M & A Navigator
Date:Jun 28, 2011
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