Healthcare | Mergers & Acquisitions

Everest Biomedical Acquired by Stryker Corporation

  • TM Capital advised Everest Biomedical Instruments Co. Inc. in its sale to Stryker Corporation (NYSE:SYK), a world leader in the development, manufacture and marketing of orthopedic products and medical specialties
  • Everest developed a new generation of level of consciousness (“LOC”) anesthesia monitors based on electrical patterns of the brain
  • The Company’s SNAPII LOC monitor generates a proprietary LOC index derived from both high frequency and low frequency electroencephalography signals
  • The SNAPII™ Index has received FDA clearance and shows significant improvements over competitive technologies in the LOC monitoring market

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