Stryker Acquires Ascent Healthcare Solutions

Stryker Corp. has announced a definitive agreement to acquire privately held Ascent Healthcare Solutions Inc. Ascent is a reprocessing and remanufacturing firm with two facilities in Phoenix, AZ and Lakeland, FL. Under the terms of the agreement, Stryker will acquire Ascent Healthcare Solutions for $525 million in an all-cash transaction. The transaction is expected to close by year end 2009.

December 1, 2009

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Stryker Acquires Ascent Healthcare Solutions

Ascent currently provides cardiovascular, orthopedics, gastroenterology, and general surgery devices to 1800 hospitals and numerous Group Purchasing Organizations in North America. It’s sales in 2008 were more than $100 million.

The closing is conditioned on the expiration or termination of all applicable waiting periods pursuant to the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Each companies’ board of directors and shareholders have approved the transaction.

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