Stryker To Buy Medical Device Reprocessor For $525M

Law360, New York (November 30, 2009, 1:04 PM EST) -- Stryker Corp. said on Monday that it would pay $525 million for Ascent Healthcare Solutions Inc., a medical device remanufacturer, in an all-cash transaction that will create a new division within the medical technology maker.

Stryker, based in Kalamazoo, Mich., announced that it had reached a definitive agreement to buy up the privately held Ascent, which reprocesses and remanufactures cardiovascular, orthopedics, gastroenterology and other surgical devices.

Ascent, which will continue to use the name Ascent Healthcare Solutions, will join Stryker as a stand-alone operating division, and...
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