Stryker Acquires Ascent Healthcare Solutions

Stryker Corp. has acquired Ascent Healthcare Solutions, a reprocessor and remanufacturer of medical devices, for $525 million in cash, according to the Kalamazoo, Mich., firm.

Ascent, which was formed through the 2005 merger of Vanguard Medical Concepts and Alliance Medical Corp., is based in Phoenix, Ariz., and employs 900, will become a division of Stryker operating under the MedSurg group of businesses and will keep its name: Ascent Healthcare Solutions. Ascent has two reprocessing facilities, in Phoenix and Lakeland, Fla.

“With Ascent as part of Stryker, we will also help divert thousands of pounds of medical waste from landfills while simultaneously redirecting substantial financial resources to patient care quality initiatives,” said Stephen P. MacMillan, CEO of Stryker.