Stryker Completes Acquisition of Inari Medical, Enhancing Vascular Segment
Deal News | Feb 19, 2025 | Globenewswire
Stryker, a leader in medical technologies, has completed its acquisition of Inari Medical, Inc., an innovator in venous thromboembolism (VTE) solutions, marking a significant expansion into the high-growth peripheral vascular segment. The acquisition, completed on February 19, 2025, allows Stryker to strengthen its interventional endovascular portfolio and aligns with its broader strategic goals. With the acquisition, Inari becomes a wholly owned subsidiary of Stryker. Previously, a cash tender offer of $80.00 per share was made for outstanding shares of Inari Medical, and upon acceptance, the merger was finalized. This move positions Stryker to effectively enhance its Neurovascular business with Inari’s thrombectomy systems, FlowTriever and ClotTriever, catering to pulmonary embolism and peripheral vessel thrombectomy, respectively. The merger is viewed as an opportunity to utilize Inari’s established position and emerging therapies in the vascular segment to further elevate patient outcomes worldwide.
Sectors
- Medical Technology
- Healthcare
Geography
- United States – Stryker is headquartered in Portage, Michigan, and Inari Medical was traded on the NASDAQ, indicating a U.S. geographical significance.
Industry
- Medical Technology – Stryker is a leading entity in the medical technology sector, driven by innovations in MedSurg, Neurotechnology, and Orthopaedics.
- Healthcare – The acquisition impacts the healthcare industry, enhancing vascular treatment capabilities and patient outcomes.
Financials
- 80.00 per share – The cash consideration offered per share in the tender offer for Inari Medical, Inc.
Participants
Name | Role | Type | Description |
---|---|---|---|
Stryker | Acquirer | Company | A global leader in medical technologies focused on making healthcare better with innovative products in various segments. |
Inari Medical, Inc. | Target | Company | Provides innovative solutions for venous thromboembolism (VTE) clot removal. |
Eagle 1 Merger Sub, Inc. | Subsidiary of Stryker | Company | A wholly owned subsidiary of Stryker used for executing the tender offer. |
Equiniti Trust Company, LLC | Depository | Company | Acted as the depository for the tender offer. |