Stryker provides products and services in orthopaedics, medical and surgical and neurotechnology and spine to boost patient and hospital outcomes. Credit: Joel Abroad

US-based medical technology company Stryker has entered a definitive agreement to acquire 100% of the issued and outstanding shares of Wright Medical Group for $30.75 per share.

The deal takes the total equity value to approximately $4bn in cash and total enterprise value to around $5.4bn.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Founded in 1950 and with global sales reaching $1bn, Wright Medical Group has a presence in upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics markets.

The acquisition of Wright Medical will complement Stryker’s trauma and extremities business while also strengthening the latter’s position in this high-growth segment.

Wright Medical CEO and president Robert Palmisano said: “We believe this transaction will provide truly unique opportunities and will create significant value for our shareholders, customers and employees.

“By merging our complementary strengths and collective resources, we will be able to advance our broad platform of extremities and biologics technologies with one of the world’s leading medical technology companies that share our vision of delivering breakthrough and innovative solutions to improve patient outcomes.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The boards of directors of both the firms have approved the transaction.

Subject to customary closing conditions and approvals, the acquisition is expected to complete in the second half of 2020.

The transaction is not expected to have an impact on Stryker’s net earnings and adjusted net earnings per diluted share this year.

In August, Stryker entered a definitive agreement to acquire 100% of the issued and outstanding stake in spine solutions maker K2M Group in an all-cash deal valued at around $1.4bn.