Entellus Medical

Stryker completed its acquisition of Entellus Medical.

Stryker Corporation announced a definitive merger agreement to acquire Entellus Medical for $24.00 per share, or an equity value of approximately $662 million. Entellus is a medical technology company focused on ENT products.

Entellus Medical has agreed to acquire Spirox, a maker of the Latera Absorbable Nasal Implant, for $25 million in cash and approximately 3.4 million shares of Entellus common stock worth about $56 million.