The privately held provider of medical devices and support services has about 700 employees in the area.
KALAMAZOO, Mich. (AP) — Medical technology company Stryker is buying Redmond-based 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/defibrillators, automated external defibrillators, CPR-assist devices and data management and support services. The company, with about 700 employees in the Seattle metro area, had fiscal 2015 sales of $503 million.
The transaction is expected to close at the start of the second quarter.
Stryker Corp. is based in Kalamazoo, Michigan.
Most Read Stories
- Aerospace firm Electroimpact agrees to pay $485K after AG finds ‘shocking’ discrimination against Muslims
- Rachel Dolezal struggling after racial-identity scandal in Spokane
- Price tag zooms up for light rail across I-90 bridge: $225 million more needed
- Poutine is the new nachos: where to find the best versions in the Seattle area
- Huskies get commitment from Coeur d'Alene 4-star QB Colson Yankoff