(Stryker) Shares of Vocera Communications Inc. rose more than 27% on Thursday on news that it will be bought by medical device manufacturer Stryker Corp. for $2.97 billion.
The deal, giving Vocera a total enterprise value of about $3.09 billion, including convertible notes, is expected to have a zero impact on net earnings per diluted share in 2022.
Stryker CEO Kevin Lobo says Vocera addition will enable the company to accelerate its digital transportations, resulting in improved service to patients and caregivers.
The boards of the two companies have already approved a tender offer for outstanding Vocera shares at $79.25 per share in cash. The deal is expected to close in the first quarter of 2022.
VCRA: NYSE is up +27.02%, SYK: NYSE is down -0.37%.
