Medical technology company Stryker Corp. announced Tuesday that it will purchase healthcare equipment manufacturer Berchtold Holding for $172 million.
The deal allows Stryker to broaden its product offerings at a time when hospitals are narrowing their supplier networks in attempts to gain more bargaining power by dealing with fewer suppliers offering a wider array of equipment.
Berchtold, with facilities in both Germany and Charleston, S.C., designs surgical infrastructure equipment that, in 2013, had about $125 million in sales. Products include equipment booms and surgical tables and lighting systems that will complement the Kalamazoo, Mich.-based Stryker's current equipment portfolio, according to a release from Stryker.
