With medical technology products and services in the fields of orthopedics, medical and surgical, and neurotechnology and spine to its name, Stryker Corp. will soon be adding cardiology to its repertoire thanks to its recent purchasing of a Redmond-based company.

Last month, Stryker Corp. agreed to acquire Physio-Control in Redmond for $1.28 billion.

According to a Physio-Control press release, Stryker acquiring the company is an all-cash transaction for 100 percent of its stock. Physio-Control is a portfolio company of Bain Capital Private Equity.

“(Physio-Control’s) portfolio is highly complementary to Stryker Medical’s EMS (Emergency Medical Services) offering and will drive a greater balance between capital and disposables,” the release states. “Physio-Control also brings an enhanced presence and infrastructure that will expand Stryker’s global footprint.”

Since its inception more than six decades ago, Physio-Control has been developing, manufacturing and marketing electronic medical devices such as monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices, as well as data management and support services to help health care providers detect and possibly prevent heart failure.

The Redmond-based company was founded in 1955 with this very goal in mind. Physio-Control began in Seattle before opening its corporate headquarters in Redmond in 1974.

As previously reported, the company was started by Karl William Edmark, a surgeon who, in 1954, was disturbed by seeing so many patients die on the operating table from cardiac arrest. Unsatisfied with the argument that there wasn’t any sort of electronic monitoring device to help doctors detect when a patient’s heart had stopped, Edmark decided to do something about it and found an electronic solution that would alert doctors to heart failure.

In February 2015, Physio-Control marked its 60th anniversary with a celebration open house event that brought more than 1,000 people to the Redmond factory, including employees, retirees and friends from as far as New Zealand. Earlier reports state that even the company’s very first employee, hired in 1955, attended the festivities.

“Physio-Control has achieved global leadership positions with a strong brand and customer-centered solutions that can predict or intervene in life-threatening emergencies,” said Stryker Chairman and CEO Kevin A. Lobo in the press release. “Physio-Control’s focused strategy and their culture will fit well within the EMS business of our Medical division, further leveraging our existing call pattern. We look forward to welcoming the Physio-Control team to Stryker.”

Physio-Control President and CEO Brian Webster is also looking forward to the company’s future with Stryker, which is based in Kalamazoo, Mich.

“Joining Stryker is an exciting next step in the evolution of Physio-Control for both our team and our customers,” he said in the release. “Stryker has a deep understanding of capital equipment and of our core market segments. We will build on the success our team has achieved in partnership with Bain Capital, and further accelerate the execution of our strategy, including continued investment in great product solutions for our customers.”

Bain Capital has also benefitted from working with Physio-Control. In the Physio-Control release, Chris Gordon, a managing director with Bain Capital, described their work with Webster and the management team as a “privilege” and said Physio-Control has shown great progress and built an even more enduring customer loyalty.

“Physio-Control has added significant operational strength and made substantial investments in R&D to accelerate the development and launch of its next generation product lines,” Gordon said in the release. “We believe the business is well positioned for further growth, and are confident that Physio-Control will continue to thrive under Stryker’s ownership.”

As of right now, personnel and other aspects of Physio-Control’s day-to-day operations will remain the same.

“Stryker and Physio-Control remain separate businesses until closing,” said Physio-Control spokesperson Matt Fiske. “There are no immediate plans to make any changes to the current Physio-Control brand after closing.”

Stryker’s acquisition of Physio-Control is expected to close at the beginning of the second quarter of this year.