QUOTED. 8 November 2019. Kevin Lobo.
Stryker is acquiring rival Wright Medical in a $4bn deal catapulting the company to a top position in the trauma and extremities market. See what Stryker CEO Kevin Lobo said about it here.
“With Wright Medical, Stryker will be a leading player in the fast-growing $5bn extremities market. As we look at Wright Medical's comprehensive, highly competitive portfolio, Stryker will meaningfully bolster its ability to compete and innovate in the nearly $2bn global shoulder market, where we have been sub-scale for years. When we unite, we will have leading offerings in upper and lower extremities and biologics, which will enhance our capabilities in the orthopedic market.” – Kevin Lobo, CEO, Stryker Corp.
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