Stryker Corporation (Kalamazoo, MI) entered a definitive agreement to acquire Muka Metal (Kayseri, Turkey), a manufacturer and vendor of standard and specialty hospital beds, stretchers, and other assorted patient furniture. Stryker has distributed Muka Metal products in Latin America since 2012, and the acquisition will expand Stryker’s presence there as well as in Turkey. The merger, expected to close later in the year, will be neutral to Stryker’s earnings per share for 2015. No financial details were disclosed.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.