Orthopedic implant player Stryker has extended its acquisition tear to a purchase of limb salvage company Stanmore Implants. This is the fifth acquisition of companies or assets that Stryker has announced this year--with two of those being billion-dollar deals and the other three smaller acquisitions.
Orthopedic specialist Stryker is launching an internet-based program for patients to offer support from the time joint replacement surgery is scheduled until 90 days after. The move is aimed at enabling its hospital customers to better secure payment for hip and knee replacement by helping to improve their patient outcomes.
Stryker has completed its acquisition of Becton Dickinson's CareFusion portfolio of vertebral compression fracture products. The deal, struck in March 2015, is the latest in Stryker's M&A rampage, and the fourth acquisition closed this month.
Orthopedics implant and spine player Stryker has acquired Florida-based startup SafeWire in order to add to its minimally invasive spinal surgery products. Stryker has been on an M&A tear of late--this deal follows the closure of three acquisitions earlier this month.
Stryker purchased Mako Surgical for $1.65 billion in 2013, with an eye on performing total knee replacement the company's Mako Rio robot-assisted surgery system. Three years later, that has yet to occur despite approval to do so in August 2015.
Stryker announced FDA clearance of the 3-D printed Tritanium PL Posterior Lumbar Cage, marking another step in its strategy to deploy the new additive manufacturing technology to create new products and earn incremental revenue growth.
Stryker announced the launch of its Aero-C Cervical Stability System at the ongoing meeting of the American Academy of Orthopaedic Surgeons in Orlando.
Two device bigwigs are duking it out at the Supreme Court Tuesday. The outcome of Stryker Corporation v. Zimmer will influence patent cases across multiple industries. The court will rule on Stryker's argument to triple the $70 million it was awarded from Zimmer Biomet for infringing the patent of one of its devices, the Pulsavac Plus, which is used to clear debris during orthopedic surgery.
Stryker is on an acquisition spree. The company announced the $1.28 billion acquisition of Physio-Control International from Bain Capital Private Equity, the company's third M&A deal of the year, and second to cross the $1 billion mark.
Stryker announced a tuck-in acquisition, saying it has agreed to acquire all of the assets in Synergetics USA's neurology portfolio, which achieved sales of $31 million in 2015. The move will give the company access to at least two electrosurgical devices that are currently distributed by rival Johnson & Johnson.