Stryker Corporation · NYSE:SYK
Stryker — Merger or Acquisition (February 2016)
8 slides from Stryker's merger presentation, Feb 16, 2016
Slide 1: Stryker: Physio-Control International, Inc
Stryker Physio-Control International, Inc February 16, 2016
Slide 2: Forward looking statement
Forward looking statement This press release 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
Slide 3: Strategic rationale
Strategic rationale • Provides access to a market leading and fast growing portfolio of innovative products with a proven history of success • Brings balanced and broad offering with outcomes data that clinically and financially validates the success of these products • Accelerates Medical’s growth
Slide 4: Physio-Control business summary
Physio-Control business summary • Privately-held Physio-Control develops, manufactures and markets monitors/defibrillators, AEDs and CPR assist devices along with data management and support services to support caregivers in saving lives • Long history of innovation with products that target urgent
Slide 5: Effective response to sudden cardiac arrest requires defibrillators at each step
Cardiovascular disease Effective response to sudden cardiac arrest requires defibrillators at each step of emergency response chain Success rates decrease Annual US deaths 7–10% each minute 350,000 100 300,000 80 250,000 Success rate (%) 200,000 60 150,000 40 100,000 20 50,000 0 0 0 1 2 3 4 5 6 7 8
Slide 6: Only one solution for sudden cardiac arrest
Only one solution for sudden cardiac arrest Workplace & Prehospital Hospital Community Emergency Readiness Center of Clinical Care Center of Code Activity Consumer: Non-medical Catheterization medically Enterprise/large Police BLS/volunteer areas Lab (PCI) indicated installations (private & public)
Slide 7: Physio-Control business offering
Physio-Control business offering Key Product Categories (56% of Sales) Manual Products Automated Defibrillators (AED) Circulatory Assist Devices LIFEPAK 15 LIFEPAK 20 LIFEPAK 1000 LIFEPAK CR+ AED True CPR Coaching LUCAS 2 Pre Hosp W&C Pre Pre Hosp Complementary Product & Service Categories (44% of S
Slide 8: Physio-Control transaction
Physio-Control transaction • All cash transaction for $1.28B, funded with cash and newly issued debt • Full fiscal year 2015 sales of $503M, 6% constant currency growth (60% US, 40% OUS) • Transaction is expected to be slightly accretive to 2016 adjusted EPS • Transaction is subject to the Hart-Scot