Displaying items by tag: Stryker Corp

Stryker Corp. bumped up expectations for the full year after reporting higher sales and earnings for the first quarter.

Here is the MiBiz Growth Report for April 18, 2016:

• M&A: Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement. Poltrona Frau is a member of the lifestyle design division Haworth Inc., a Holland-based office furniture manufacturer. Executives cited Poltrona Frau’s goal to enter the outdoor furniture market as a driver for the acquisition. JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation. Terms of the deal were not disclosed.

Stryker Corp. announced today that it closed on the $1.28 billion acquisition of Physio-Control International Inc.

KALAMAZOO — Stryker Corp. is so confident about the efficacy and reliability of a new surgical safety device that it’s willing to issue a guarantee to hospitals that use it. 

As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation. 

The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.

In reporting preliminary results for last year, the Kalamazoo-based Stryker (NYSE: SYK) said global sales topped $9.9 billion. Sales grew at a slightly higher rate on the fourth quarter, 6.4 percent, reaching $2.7 billion.