Stryker close $500M acquisition of Mobius Imaging, Cardan Robotics — 4 things to know

Written by Alan Condon | October 21, 2019 | Print  |

Stryker completed its acquisition of Mobius Imaging and sister company Cardan Robotics for $500 million Oct. 21.

Four things to know:

1. Stryker intends to use the imaging and robotic technologies of Mobius and Cardan to boost its presence in the spine, orthopedic and neurotechnology markets.

2. The acquisition grants Stryker's spine division access to the intraoperative imaging sector and aligns with its navigation and implant portfolio.

3. Mobius' Airo Mobile CT Imaging System, often used for neurospine surgical procedures, received FDA clearance for pediatric applications last year.

4. The acquisition is not anticipated to affect net earnings this year.

More articles on devices:
7 big moves for Hospital for Special Surgery in 2019
5 highest paying physician specialties — Neurosurgeon No. 1 at $401k
Dr. Thomas Loftus: How a single-payer system would harm spine practice in the US

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months