KALAMAZOO, Mich. — Medical technology company Stryker is buying Physio-Control International Inc. for $1.28 billion, which will help expand its product offerings and broaden its global reach.
Privately held Physio-Control develops, makes and markets monitors and defibrillators; automated external defibrillators; CPR-assist devices; and data management and support services. Physio-Control’s offerings will complement Stryker’s Emergency Medical Services division, company officials said in a statement.
Physio-Control, based in Redmond, Wash., is a portfolio company of Bain Capital Private Equity. The company had fiscal 2015 sales of $503 million, up 6 percent from the prior year.
The transaction is expected to close at the start of the second quarter.
Kalamazoo-based Stryker Corp., which has more than 25,000 employees at sites across the globe, bases its sports medicine division in Greenwood Village.
Denver Post Staff Writer Alicia Wallace contributed to this report.
