Stryker has acquired Concentric Medical in a cash transaction for $135 million, according to a Stryker news release.
The acquisition gives Stryker access to the acute ischemic stroke market, as Concentric Medical's products include a device for removing thrombus in patients with acute ischemic stroke and several AIS access products.
Projected 2011 sales for Concentric are more than $30 million, and the transaction is expected to close early in the fourth quarter of this year.
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Projected 2011 sales for Concentric are more than $30 million, and the transaction is expected to close early in the fourth quarter of this year.
Related Articles on Orthopedics Device Companies:
Spine Wave Receives FDA Clearance for Lateral Approach Spine Device
Wright Medical Group Chief Compliance Officer Resigns
Stryker Takes Mobile Training Center on the Road to China