STRYKER BUYS TWO COMPANIES IN FEBRUARY (Orthopedics This Week)
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Over the course of two days in February, Stryker Corporation announced agreements to acquire Berchtold Holding, AG, and Pivot Medical, Inc. for the company’s MedSurg and Neurotechnology division.
Berchtold, a privately held business in Germany and the U.S., sells surgical infrastructure equipment. The purchase price is $172 million. Pivot, is a Sunnyvale, California, privately held company that sells products for hip arthroscopy. No purchase price was provided for the Pivot acquisition in the press announcement.
According to the company release, Berchtold has been selling healthcare equipment for over 90 years and had sales of approximately $125 million in 2013. Their product portfolio includes surgical tables, equipment booms, and surgical lighting systems geared towards maximizing efficiency and safety in operating rooms and ICUs (intensive care units). Stryker said combining Berchtold’s solutions with their own endoscopy operating room equipment portfolio “will create a comprehensive, quality-focused offering equipped to satisfy a wide range of customer needs around the gl...
