01.06.15
Kalamazoo, Mich.-based Stryker, which has recently been rumored to be pondering a Smith & Nephew takeover, just completed the acquisition of Canadian company CHG Hospital Beds Inc. in an all cash transaction.
The London, Ontario-based company sells low-height hospital beds and related accessories and is active in the Canadian, American and British markets. The beds are designed to allow a patient’s feet to sit flat on the floor while they are sitting at the edge of the bed. The low-height design is meant to reduce the risk of patient falls that are related to entering and exiting hospital beds. The company recently launched Spirit One bed, an expandable low-height bariatric bed for the acute care segment.
“The acquisition of CHG aligns with Stryker’s commitment to offering products that enhance the quality of care for both patients and healthcare professionals—in this case, aiding in the prevention of patient related injuries resulting from a fall from a hospital bed,” said Timothy J. Scannell, group president, MedSurg and Neurotechnology. “This acquisition will bolster Stryker Medical’s bed offerings and allow us to offer additional solutions to our customers.”
The transaction is expected to be neutral to the performance of Stryker’s 2015 fiscal year.
The London, Ontario-based company sells low-height hospital beds and related accessories and is active in the Canadian, American and British markets. The beds are designed to allow a patient’s feet to sit flat on the floor while they are sitting at the edge of the bed. The low-height design is meant to reduce the risk of patient falls that are related to entering and exiting hospital beds. The company recently launched Spirit One bed, an expandable low-height bariatric bed for the acute care segment.
“The acquisition of CHG aligns with Stryker’s commitment to offering products that enhance the quality of care for both patients and healthcare professionals—in this case, aiding in the prevention of patient related injuries resulting from a fall from a hospital bed,” said Timothy J. Scannell, group president, MedSurg and Neurotechnology. “This acquisition will bolster Stryker Medical’s bed offerings and allow us to offer additional solutions to our customers.”
The transaction is expected to be neutral to the performance of Stryker’s 2015 fiscal year.