Medical device maker Stryker is to buy Physio-Control International for $1.28 billion in cash to expand its emergency medical services business.
The company also today raised its earnings forecast for the second time this month.
US-based Physio-Control, a unit of Bain Capital Private Equity, makes devices such as defibrillators for emergency treatment of cardiac arrests.
Stryker raised its full-year adjusted earnings forecast to $5.57-$5.77 per share from the $5.55-$5.75 range it estimated when it bought medical supplies maker Sage Products two weeks ago.
The company also said it expects the acquisition of Physio-Control and Sage Products to add about 15-18 cents per share to earnings in 2017.
Stryker inked a deal to buy Sage Products for $2.78 billion on February 1.
Stryker employs almost 1,000 people in Ireland.
