Stryker, a Fortune 500 medical devicemaker based in Kalamazoo, Mich., announced in November that it would acquire Memphis, Tenn.-based Wright Medical for a total enterprise value of $5.4 billion.
A Jan. 2 Securities and Exchange Commission filing from the FTC showed the agency sent second requests to both Stryker and Wright Medical to investigate the acquisition further.
Stryker plans to pay $30.75 per share for Wright Medical, according to Mass Device.
Read the full article here.
More articles on supply chain:
Top 5 healthcare supply chain stories of 2019
10 hospitals seeking supply chain talent
FedEx, UPS tack $24 fee on packages 50 pounds or more
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.