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
- Russian hackers tried to access Washington’s voting systems, officials say
- California brain surgeon faces more child sex abuse charges
- Seattle’s real Spider Man sets us straight: They’re not out to get you VIEW
- Boeing seeks quick legal fix to stop Bombardier
- We just experienced warmest and driest summer ever recorded in Seattle