Stryker Corporation · NYSE:SYK
Stryker — Merger or Acquisition (January 2022)
13 slides from Stryker's merger presentation, Jan 6, 2022
Slide 1: Stryker Acquisition of Vocera
stryker Stryker Acquisition of Vocera
Slide 2: Forward-looking statements
This presentation contains information that includes or is based on forward-looking statements within the meaning of the federal securities law that are subject to various risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such stateme
Slide 3: Mission and Values
Mission Together with our customers, we are driven to make healthcare better. Values Integrity Accountability People Performance We do what’s right We do what we say We grow talent We deliver 3
Slide 4: Our company strategy
Our company strategy Drive market leading growth and achieve category leadership in MedSurg, Neurotechnology, Orthopaedics and Spine. Customer focus Innovation Globalization Financial performance • Intense customer • Make healthcare better • Focus resources and talent • Continuously reduce costs com
Slide 5: Vocera strategic rationale
• Category leadership in fast-growing segment of digital care coordination and communication with increasing clinical importance • Advanced technology solutions and capabilities supported by 200+ expert R&D team • Substantial synergies • Competitively differentiated and complementary portfolio and c
Slide 6: Mission driven
Mission driven Together with our customers, We simplify and improve the lives of we are driven healthcare professionals, patients, to make healthcare better and families 6
Slide 7: Average MedSurg nurse workload and time allocation
Average MedSurg nurse workload / activities and time allocation 5% 5% 26% 16% 23% 25% • Responsible for 5 - 7 patients • 3.4 interruptions per hour • 10+ alerts / activities waiting for attention Communication w/ Patient contact other health workers • Walks up to 3 miles/day Documentation Medical ad
Slide 8: Holistic consolidation: Vocera
Holistic consolidation: Vocera Clinician tool belt Smartphone applications 1 3 5 3 5 7 1 5 2 ▪ Delivers only actionable events to the ▪ Pager, phone, smartphone, ▪ 25 notifications for each system – appropriate caregiver(s) on the device badge, RTLS badge etc. working independently of choice ▪ Nurse
Slide 9: Segment expansion
segment expansion • Global Digital Care Coordination and Communication Segment: approaching $1B and growing at 15%+ annually • Fast-growing segment of digital care coordination and communication due to macro-tailwinds and increasing importance of solution • The space is relatively underpenetrated to
Slide 10: Better outcomes
better outcomes Nurse Badge and Smartbadge Engage Physician Patient Ease and family Hospital EHR, nurse call, Edge staff (e.g., patient patient monitoring, etc. transport) 10
Slide 11: Key deal terms
◼ Cash tender offer of $79.25 per share Key Deal Terms ◼ Total Equity Value of approximately $2.97B and total Enterprise Value of approximately $3.09B (including convertible notes) ◼ Strong business momentum and mid-teen forward revenue growth Vocera Financials ◼ 2021 expected revenues of $226M-$233
Slide 12: Additional information and where to find it
Additional information and where to find it The tender offer for the outstanding shares of common stock of Vocera Communications, Inc. (“Vocera”) referenced in this communication has not yet commenced. This communication is for informational purposes only, is not a recommendation and is neither an o
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