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Medical device maker Stryker to buy Physio-Control for $1.28 bln

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An illustration picture shows U.S. Dollar banknotes in OTP bank in Budapest, November 23, 2011.  REUTERS/Laszlo Balogh

(Reuters) - Medical device maker Stryker Corp said it would buy Physio-Control International Inc for $1.28 billion in cash to expand its emergency medical services business.

Physio-Control is a unit of Bain Capital Private Equity, and develops cardiac devices such as defibrillators.

(Reporting by Rosmi Shaji in Bengaluru; Editing by Maju Samuel)

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