The manufacturer of medical equipment Stryker has acquired Vocera

Manufacturer of equipment for medical procedures, Stryker Corp. (SYK), strengthens innovation capacity by acquiring communications solutions provider Vocera Communications Inc. (VCRA). The agreement on the merger of Stryker and Vocera has already. 

Will sell VCRA shares for $79.25 apiece. The total value of the transaction will be $3.09 billion. At the auction on January 6, VCRA quotes reacted to this news with an increase of 26.63%, to $ 79.17. a valuable acquisition for Stryker, as Vocera has a steadily growing business selling software and personal communication devices for healthcare professionals and remote communication tools between patients and their families. 

These technologies can complement Stryker’s ecosystem of digital services for hospitals. In particular, Stryker has a set of tools to reduce the influence of the human factor and reduce the risk of errors. The portfolios of solutions of both companies can be easily combined and complement each other, providing significant synergy. 

Demand for means to reduce the burden on medical personnel against the background of a global shortage of qualified workers. In addition, digital transformation in the industry has accelerated, and the COVID-19 crisis has become an additional incentive for this process. For Stryker, financing such a transaction is not a problem — the company has a stock of cash and equivalents exceeding $2.6 billion. 

The first quarter of 2022 will not have a noticeable impact on Stryker’s profit for the current year. In turn, Vocera investors will receive a significant premium: VCRA shares during the transaction, which is also a signal for investors in the segment of digitalization of medicine.