KALAMAZOO, Mich., July 1 /PRNewswire-FirstCall/ --
Stryker Corporation (NYSE: SYK) announced today that it has completed its
acquisition of the spinal implant business of Surgical Dynamics Inc. from Tyco
International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC) for $135 million in cash.
The purchase price was funded by cash drawn under the Company's existing
credit facilities.
Stryker Corporation develops, manufactures and markets specialty surgical
and medical products, including orthopaedic reconstructive, trauma, spinal and
craniomaxillofacial implants, the bone growth factor osteogenic protein-1,
powered surgical instruments, endoscopic systems, patient care and handling
equipment for the global market, and provides outpatient physical therapy
services in the United States. For more information about Stryker
Corporation, visit www.strykercorp.com .
SOURCE Stryker Corporation
Web site: http: //www.strykercorp.com
CONTACT: David J. Simpson, Vice President, Chief Financial Officer and Secretary of Stryker Corporation, +1-616-385-2600