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Stryker completes acquisition of vertebral compression fracture portfolio from Becton, Dickinson and Company
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Stryker announced it has completed the acquisition of the CareFusion vertebral compression fracture portfolio from Becton, Dickinson and Company, according to a Stryker press release.
The CareFusion portfolio is made up of minimally invasive systems used for vertebroplasty and vertebral augmentation surgeries, and was acquired by Becton, Dickinson and Company (BD) in March 2015.
“The Acquisition of BD’s [ vertebral compression fracture] VCF portfolio is highly complementary to Stryker’s Instruments’ Interventional Spine (IVS) business and is aligned with IVS’s strategy of expanding its VCF footprint,” Timothy J. Scannell, group president of MedSurg and Neurotechnology, said in the release. “It also further strengthens Stryker’s brand in the neurotechnology space.”
According to the release, the acquisition allows Stryker to provide customers with some of the least minimally invasive VCF treatment options available and to expand the company’s presence in key markets with products that enhance Stryker’s current offerings.
The transaction is expected to be neutral to Stryker’s adjusted net earnings per diluted share for 2016 and then accretive moving forward, according to the release.
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