Stryker acquires Small Bone Innovations for $375M (7.8 X sales last 12 months)

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Anthony G. Viscogliosi Comments on Stryker Acquisition of Small Bone Innovations, Inc. (press release)

Small Bone Innovations, Inc. (SBi) today announced that Stryker Corporation (NYSE:SYK) will acquire substantially all the assets of SBi in an all cash transaction for up to $375 million.

“This transaction is the next step of growth for Small Bone Innovations’ world-class products --- especially the STAR™ Total Ankle --- and is a perfect fit with Stryker’s product suite and global reach of its world-class distribution system”

The transaction is expected to close in the third quarter of 2014...

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