Stryker Corp. closes its $120 million acquisition of Patient Safety Technologies and its SurgiCount safety sponge technology. Stryker (NYSE:SYK) closed its $2.22-per-share buyout of California safety-sponge maker Patient Safety Technologies in a deal valued at about $120 million. The acquisition represents a 59% premium over Patient Safety’s $1.40 close just prior to the deal’s January announcement.
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