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Stryker announces plans to purchase new company

KALAMAZOO, Mich. (NEWSCHANNEL 3) - On Tuesday, Stryker Corporation announced its plans to buy a new company.

Stryker says it will pay $120 million to buy Patient Safety Technologies.

The company produces the safety sponge system.

It's a system intended to reduce hazards during surgery.

The acquisition is expected to be completed during the first quarter of 2014.