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    Medical device maker Stryker to buy Wright Medical for USD 4 Billion

    Medical Dialogues BureauWritten by Medical Dialogues Bureau   |  
    Medical device maker Stryker to buy Wright Medical for USD 4 Billion

    Medical device maker Stryker Corp said on Monday it would buy smaller rival Wright Medical Group for about $4 billion in cash.


    The deal for $30.75 per share of Wright represents a premium of 39.7% to the company’s close on Friday and is expected to close in the second half of 2020.


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    Including debt, the deal values Wright at about $5.4 billion.


    (Reporting by Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)


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    Healthcaremedical device makerpharmapharma companypharma newsStryker buy Wright MedicalStryker CorpWright Medical Group NV
    Source : Reuters

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    Medical Dialogues Bureau
    Medical Dialogues Bureau

      Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in. Check out more about our bureau/team here

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