Stryker, a leading medical technology company based in Kalamazoo, Michigan, acquired Mobius Imaging and its subsidiary Cardan Robotics for $500 million. The deal includes a down payment of $370 million in cash and $130 million that will be paid based on development and commercialization milestones. Shirley, Mass.-based Mobius develops point-of-care imaging technology. Its Airo TruCT…
7 companies transforming orthopedics with robot-assisted surgery
Orthopedic device companies have been actively developing products for surgical robotics, several through acquisitions.
Stryker adds OrthoSpace to surgical portfolio for sports medicine
Stryker Corp. said today that it is acquiring OrthoSpace Ltd. and its InSpace rotator cuff repair device for $220 million. Kalamazoo, Mich.-based Stryker said it paid $110 million in cash upfront and agreed to another $110 million in potential milestones for Caesarea, Israel-based OrthoSpace. “The acquisition of OrthoSpace is highly complementary to our existing portfolio…