Stryker ’ s Sage Products invests $3.4m to expand HQ

Stryker (NYSE:SYK) subsidiary Sage Products purchased 27 acres of land in Cary, Ill. for $3.4 million, looking to expand its headquarters in the area, according to a Daily Herald report. Sage makes products for oral care, skin preparation & protection, patient cleaning & hygiene, turning & positioning and heel care. The planned expansion includes an 810,000 square foot addition to the facilities, and is slated to add an additional 350 jobs by 2021, according to the report. Stryker closed its $2.7 billion acquisition of Sage Products in April. The deal for Sage Products, which makes a line of disposable devices designed to reduce so-called “never events” in intensive care and surgical settings, was announced Feb. 1. In August, Sage Products expanded its voluntary worldwide recall to include lots of impregnated cloth topical skin products over contamination issues with the bacteria Burkholderia cepacia, according to an FDA notice. The recall includes Sage Products’ Comfort Shield barrier cloths, incontinence clean-up cloths, M-care meatal cleansing cloths, Comfort Bath cleansing washcloths and .2% chlorhexidine gluconate cloths. The post Stryker’s Sage Products invests $3.4m to expand HQ appeared first on MassDevice.
Source: Mass Device - Category: Medical Equipment Authors: Tags: Business/Financial News Sage Products Stryker Source Type: news