Deals
Stryker to Buy Medical Supplier Sage for $2.78 Billion
- Adds surgical items that help prevent operations complications
- Sage purchase comes with $500 million tax benefit for Stryker
This article is for subscribers only.
Stryker Corp., a maker of medical devices including artificial hips and knees, agreed to buy Sage Products LLC for $2.78 billion in cash to add a complementary group of surgical items that help prevent infections acquired in hospitals.
The purchase will come with a $500 million tax benefit for Kalamazoo, Michigan-based Stryker, the company said in a statement on Monday. Stryker is buying Sage from private equity firm Madison Dearborn Partners.