Stryker Completes Acquisition Of Vocera Communications

Stryker announced that it has completed the previously announced acquisition of Vocera Communications, Inc. , a leader in digital care coordination and communication.

“This acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations,” said Kevin Lobo, Chair and Chief Executive Officer, Stryker. “We welcome the Vocera team to Stryker and look forward to working together to enable safer patient care and help our customers improve outcomes.”

Vocera brings a highly complementary and innovative portfolio to Stryker’s Medical division that will enhance the company’s Advanced Digital Healthcare offerings and further advance Stryker’s focus on preventing adverse events throughout the continuum of care.

The acquisition is expected to have a neutral impact to net earnings per diluted share in 2022.

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Completion of Tender Offer and Merger

The previously announced cash tender offer for all of the outstanding shares of common stock of Vocera for $79.25 per share, net to the holder in cash, without interest and subject to any applicable withholding of taxes, by Voice Merger Sub Corp., a direct or indirect wholly owned subsidiary of Stryker, expired at one minute after 11:59 p.m., Eastern Time, on February 22, 2022. Computershare Trust Company, N.A., the depositary for the tender offer, has advised Stryker that 29,657,686 Vocera shares, representing approximately 85% of the outstanding shares of Vocera common stock, were validly tendered pursuant to the tender offer and not properly withdrawn prior to the expiration time. All of the conditions to the consummation of the tender offer have been satisfied, and on February 23, 2022, Voice Merger Sub Corp. accepted for payment, and will promptly pay for, all shares validly tendered pursuant to the tender offer and not properly withdrawn.

Following completion of the tender offer, Stryker completed the acquisition of Vocera on February 23, 2022 through a merger pursuant to the Agreement and Plan of Merger, dated as of January 6, 2022, among Stryker, Voice Merger Sub Corp. and Vocera. In connection with the merger, each share of Vocera common stock (other than shares owned by Vocera or owned by Stryker, Voice Merger Sub Corp. or any subsidiary of Stryker, shares irrevocably accepted for purchase in the tender offer, and shares held by stockholders of Vocera who have properly demanded and perfected the right to appraisal under Delaware law with respect to such shares) has been converted automatically into the right to receive the same consideration payable pursuant to the tender offer of $79.25 per share, net to the holder in cash, without interest and subject to any applicable withholding of taxes. Upon completion of the merger, Vocera became a direct or indirect wholly owned subsidiary of Stryker. Shares of Vocera ceased trading prior to the open of the market on February 23, 2022 and will be delisted from the New York Stock Exchange.

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