DALLAS, Dec. 1, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring medical technology giant Stryker Corp. (NYSE:SYK). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Stryker Corp. (NYSE:SYK) should be of particular interest to other medical technology developers: Johnson & Johnson, Zimmer Holdings Inc., Medtronic Inc. and CONMED Corp.
It is available at: http://www.beaconequity.com/i/SYK
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Stryker Corp. (SYK) is a provider of medical technology products such as implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose and throat, and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment.
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In the report, the analyst notes:
"SYK recently announced it will buy device reprocessor Ascent Healthcare Solutions Inc. for $525 million in cash. Phoenix-headquartered Ascent Healthcare Solutions currently provides its services to 1,800 leading hospitals and numerous Group Purchasing Organizations throughout North America. In a press release, SYK CEO Stephen P. MacMillan stated, "The acquisition of Ascent Healthcare Solutions with its talented team will enhance our value proposition to hospitals and healthcare providers.
"Following a solid operating performance in the third quarter, amid challenging environment with all of its orthopaedic implant businesses, SYK expects its 2009 adjusted diluted net earnings to be in the range of $2.90 to $3 per share, hoping to beat the previous year's $2.83."
To read the entire report visit: http://www.beaconequity.com/i/SYK
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.