The company will pay $150 million in a cash transaction and $12 million in additional payments. Memometal manufactures and develops products for extremity indications based on proprietary methods for preparing and manufacturing a shape memory metal alloy. The company’s 2010 sales equaled approximately $30 million.
Through the acquisition, Stryker will improve its presence in the extremities market.
Read the release on Stryker’s acquisition.
Related Articles on Stryker:
Stryker Launches Two Orthopedic Surgeon iPad Applications
Stryker Reports Flat Q1 Hip and Knee Sales, Increasing Spine
Stryker Releases ADM X3 Mobile Bearing Hip System
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
