Dec 31 (Reuters) - Stryker Corp said it would buy Patient Safety Technologies Inc for $120 million to gain access to Patient Safety's device to reduce the risk of surgical sponges being left in patients after surgery.
The medical technology company will pay $2.22 per share for Patient Safety, which represents a 50 percent premium to the stock's closing price on Monday.
- Health Care Industry
- Patient Safety
- Stryker Corp