Stryker Announces Definitive Agreement to Acquire Patient Safety Technologies for $120 Million; $2.22 per Share
December 31, 2013 at 09:12 AM EST
Stryker Corporation (NYSE: SYK ) announced today a definitive agreement to acquire Patient Safety Technologies, Inc. (PSTX) for $2.22 per share, with an aggregate purchase price of $120 million. Patient Safety Technologies conducts its business through its wholly owned subsidiary, SurgiCount Medical, Inc. The company's proprietary Safety-Sponge® System and SurgiCount 360(TM) compliance software help