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Kevin Lobo has served as CEO of medical device and orthopedic company Stryker since 2012, leading the company to a record-breaking $20 billion in revenue in 2023. 

As part of Iowa City-based University of Iowa's takeover of Mercy Iowa City, the system will assume more than 1,000 of Mercy's contracts with vendors, suppliers and more, according to a Feb. 1 report from The Gazette. 

InVivo Therapeutics, which focuses on spinal cord injury implants, filed for Chapter 11 bankruptcy, according to a voluntary petition filed Feb. 1 in U.S. Bankruptcy Court for the District of Delaware.

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