Report: Stryker eyes Turkish medical bed maker

Stryker (NYSE:SYK) is eyeing Turkish hospital bed and stretcher manufacturer Muka Metal, according to a report from the Daily Sabah.

If Styker acquires Muka Metal, it will be the 1st Turkish investment for the Kalamazoo, Mich.-based medical giant. Muka Metal also produces non-medical products, including office furniture and household electrical appliances, according to the report.

Muka began producing hospital beds in 2004, and has expanded into patient handling equipment, stretchers and hospital furniture. The company, founded in 1966, developed the 1st wireless nurse calling system, and exports to 60 countries across the U.S, according to the report.

In June, Stryker told analysts that mergers & acquisitions are its top priority for the $2.59 billion in ready cash it’s carrying on its balance sheet, with small or mid-sized deals more likely than a blockbuster like the much-speculated-upon possibility of a merger with rival Smith & Nephew (NYSE:SNN).

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