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Home > Hill-Rom, Stryker settle patent beef

Hill-Rom, Stryker settle patent beef

Mass Device

Hill-Rom and Stryker settle a patent infringement lawsuit over powered hospital bed wheels.

Hill-Rom
Stryker

Hill-Rom Holdings [1] (NYSE:HRC [2]) settled 1 of 2 patent spats with Stryker [3] (NYSE:SYK [4]) over 10 patents covering motorized hospital bed wheels, with Stryker forking over nearly $3.8 million to put the case to rest, according to regulatory filings.

Batesville, Indiana-based Hill-Rom said it accrued $3.6 million from the settlement, net of legal expenses. Both companies said the outcome of the 2nd case has yet to be determined, according to the filings.

Kalamazoo, Mich.-based Stryker said that case involves 9 patents covering "electrical network communications for hospital beds," according to 1 of the filings [5].

Source URL (retrieved on 05/25/2013 - 8:00am): http://www.mdtmag.com/news/2012/11/hill-rom-stryker-settle-patent-beef?qt-most_popular=0

Links:
[1] http://www.massdevice.com/company/hill-rom-holdings-inc
[2] http://www.google.com/finance?q=hill-rom
[3] http://www.massdevice.com/company/stryker-corp
[4] http://www.google.com/finance?q=syk
[5] http://www.sec.gov/Archives/edgar/data/310764/000031076412000240/syk09302012q3.htm