VCRA - Stryker Reports Definitive Agreement to Acquire Vocera Communications

Stryker (NYSE: SYK) has reported a definitive merger agreement to acquire all issued and outstanding shares of common stock of Vocera Communications, Inc. (NYSE: VCRA) for USD 79.25 per share or a total equity value of USD 2.97 Million and a total enterprise value of USD 3.09 Billion.  Vocera will provide value to Stryker’s medical division that will address the increased demand for hospitals to connect to caregivers and data generating medical devices that will help drive efficiency and improve safety and outcomes.

“This acquisition underscores our commitment and focus on our customer,” stated Kevin Lobo, Chair and Chief Executive Officer, Stryker. “Vocera will help Stryker significantly accelerate our digital aspirations to improve the lives of caregivers and patients.”

“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,” said Brent Lang, Chairman and Chief Executive Officer, Vocera.

Stryker will commence a tender offer for all outstanding shares of common stock of Vocera for USD 79.25 per share in cash.  The board on both companies have unanimously approved the transaction.  Close of the transaction is subject to expire or terminate of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, completion of the tender offer and other customary closing conditions.

The acquisition is expected to close within the first quarter of 2022 and is expected to have a neutral impact to net earnings per diluted share in 2022.

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