Stryker Buys Reprocessor

Orthopedic device maker Stryker Corp. has announced that it will acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash. The business would become a division of Kalamazoo, MI-based Stryker's MedSurg group. The transaction is awaiting U.S. antitrust approval.Stryker says it anticipates the transaction will close before the end of 2009.Ascent has more than 900 employees and reprocessing facilities in Phoenix and in Lakeland, FL.

December 2, 2009

1 Min Read
Stryker Buys Reprocessor

It's sales were more than $100 million in 2008. The company provides device reprocessing and remanufacturing services to more than 1,800 hospitals and numerous group purchasing organizations in North America. Its products includes cardiovascular, orthopedics, gastroenterology and general surgery devices.

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