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Medical device maker Stryker to buy Vocera Communications for 2.97 Billion USD

Medical Dialogues BureauWritten by Medical Dialogues Bureau Published On 2022-01-07T09:30:26+05:30  |  Updated On 7 Jan 2022 9:30 AM IST
Medical device maker Stryker to buy Vocera Communications for 2.97 Billion USD
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New Delhi: Medical device maker Stryker Corp said on Thursday it had agreed to acquire digital care platform Vocera Communications Inc (VCRA.N) for about $2.97 billion.

Vocera shares were up nearly 27% at $78.63 before the bell, just shy of the offer price of $79.25 per share.

Also Read:IPC issues safety alerts on medical devices including Cranial Perforator, Orthopedic drill

Founded in 2000, Vocera caters to nearly 1,900 hospitals, allowing healthcare workers to communicate and collaborate with co-workers and engage with patients and their families.

The deal is expected to close in the first quarter of this year and is estimated to have a neutral impact on net earnings per diluted share in 2022, Stryker said.

Stryker shares were down nearly 1% at $270 in light premarket trading.

Also Read:Govt approves 8 more device manufacturers under PLI scheme for Medical Devices

Stryker Corpstryker corp newsVocera Communications Incmedical devicesVocera Communications
Source : Reuters
Medical Dialogues Bureau
Medical Dialogues Bureau

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers.  Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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