Stryker acquisitions
This article was originally published in The Gray Sheet
Executive Summary
The orthopedic device maker acquires Sonopet ultrasonic aspirator system, used for fragmentation and emulsification of soft tissue and bone, Stryker announces Nov. 10. The purchase includes consoles and handpieces made by Mutoh, and instrument tips and other disposables made by Synergetics. In a separate transaction announced the same day, Stryker bought privately-held software technology firm OtisMed, which will develop customizable instrumentation for use with Stryker's knee implants. Combined, Stryker says the two transactions are worth $67 million, plus up to $36 million in milestone payments