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

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.

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