Medical Device Maker Stryker to Buy Vocera Communications for $2.97 Billion

By Reuters
Reuters
Reuters
January 7, 2022 Updated: January 7, 2022

Medical device maker Stryker Corp. said on Thursday it had agreed to acquire digital care platform Vocera Communications Inc. for about $2.97 billion.

Vocera shares were up nearly 27 percent at $78.63 before the bell, just shy of the offer price of $79.25 per share.

Founded in 2000, Vocera caters to nearly 1,900 hospitals, allowing healthcare workers to communicate and collaborate with co-workers and engage with patients and their families.

The deal is expected to close in the first quarter of this year and is estimated to have a neutral impact on net earnings per diluted share in 2022, Stryker said.

Stryker shares were down nearly 1 percent at $270 in light premarket trading.

By Mrinalika Roy and Ankur Banerjee

Reuters