Stryker - Strikes Again In M&A [Seeking Alpha]
K2M GROUP HOLDINGS INC (KTWO)
Last k2m group holdings inc earnings: 11/8 07:37 am
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US:NASDAQ Investor Relations:
investors.k2m.com/investor-relations
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Source: Seeking Alpha
Summary Stryker ( SYK ) continues to pursue inorganic growth on top of its solid growth trajectory already. The company announced the $1.4 billion purchase of K2M Group Holdings ( KTWO ) in order to bolster its position in the spinal market. As Stryker has an excellent M&A track record, this deal will probably benefit long term holders of the stock as well, as expectations have risen quite a bit, with an earnings yield standing at just 4%. Nonetheless, a great track record and 10% current growth rate make investors comfortable with this valuation, as I can not put myself to buying at these levels just yet. After all, medical device industry growth can not outpace GDP growth forever. Deal Terms K2M has grown to become a $300 million business since being founded back in 2004, being a recognised player in a $10 billion spinal market, notably in complex spine situations with its minimal invasive portfolio. Based on the reported deal tag Stryker is paying a 4.7
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