Medical technology company Stryker has agreed to acquire US-based digital care platform Vocera Communications for around $2.97bn.
Under the deal, Stryker will purchase all outstanding shares of common stock of Vocera by paying $79.25 per share in cash.
Established in 2000, Vocera offers communication and workflow solutions to protect and connect team members, as well as enhance the healthcare experience.
Vocera solutions are currently used by over 2,300 facilities, including 1,900 hospitals and healthcare facilities, to help their workforce to communicate and collaborate with co-workers and engage with patients and families.
The solutions provide integration with over 150 clinical and operational systems, including electronic health records, nurse call systems, ventilators and physiological monitors.
Vocera chairman and CEO Brent Lang said: “Today’s milestone represents an exciting opportunity for Vocera given the clear alignment of mission, goals and culture between our two organizations and our ability to drive even greater economic and clinical value for our customers.”
The acquisition of Vocera will allow Stryker to add complementary and innovative portfolio to its medical division, to help hospitals connect caregivers and disparate data-generating medical devices.
Vocera’s software and hardware solutions, which will facilitate secure remote communication between patients and their families, are said to complement Stryker’s advanced digital healthcare offerings.
Stryker chair and CEO Kevin Lobo said: “Vocera will help Stryker significantly accelerate our digital aspirations to improve the lives of caregivers and patients.”
Subject to completion of the tender offer and other customary closing conditions, the deal is expected to be completed in the first quarter of this year.
In September last year, Stryker completed the acquisition of US-based medical device company Gauss Surgical.
