Stryker subsidiary completes $52M acquisition of sterilization technology company
Written by Alan Condon | November 27, 2019 | Print | EmailA Stryker subsidiary recently acquired low-temperature sterilization technology company TSO3, reports Cleanroom Technology.
Three things to know:
1. The $52 million acquisition includes all the issued and outstanding common shares of the company, including existing indebtedness.
2. TSO3 President and CEO Ric Rumble said the deal will provide the Quebec City, Canada-based company with the resources to achieve its full potential.
3. Stryker acquired Mobius Imaging and its sister company Cardan Robotics for $500 million in October and OrthoSpace for $110 million in March.
More articles on devices:
EOS imaging to launch new system at RSNA Annual Meeting in Chicago
Aurora Spine, Alphatec & more: 9 device company notes
PE-backed orthopedic company acquires 4 implant portfolios from Surgical Frontiers
© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies here.
Most Read - Devices & Implants
Top 40 Articles from the Past 6 Months
- The most dangerous trend in spine surgery
- CMS removes 6 spinal procedures from inpatient-only list
- Neurosurgeon faces murder charges in California over opioid over-prescription: 4 details
- Top 20 hospitals for orthopedics, by US News
- Walmart pilot program to identify quality physicians will include orthopedics
- How Stryker plans to grow Mako — 4 insights from chief technology officer Robert Cohen
- Healthgrades: 100 best hospitals for spine surgery in the US
- How Johnson & Johnson plans to grow orthopedic, spine robotics in the next 24 months
- California spine surgeon sentenced to 30 months in prison after $5M kickback scheme
- Alabama orthopedic practice pays $1.2M to settle billing, self-referral allegations: 5 details
- New York spine surgeon pleads guilty to illegal painkiller prescription, faces $250K fine
- Laser Spine Institute co-founders now owe ex-business partner $300M+, judge rules
- Life Spine execs allegedly paid millions in kickbacks to surgeons, government intervenes in whistleblower suit
- Neurosurgeon pleads not guilty to murder charges tied to 4 patient deaths
- Florida health system eliminates orthopedics at 2 clinics after $6.8M loss last year
- Orthopedic market share projections: Top 5 companies in 2024
- Former orthopedic clinic, owners pay $7.1M settlement over alleged unnecessary knee injections, braces: 4 details
- Dr. Brett Gemlick dies at home, cause unknown
- The state of BMP in spine surgery today
- Tennessee pain clinics shut down after owner accused of fraud — 5 insights
- Zimmer Biomet issue global recall following contractor cleaning concern
- Orthopedic surgeon to appeal $2M malpractice verdict involving overlapping surgeries
- 10 highest paid physician specialties — Neurosurgery is No. 1 at $600K+
- Stryker adds to spine division with $500M acquisition: 3 details
- CMS rules set 'dangerous precedent' for specialty reimbursement, AAOS president says
- DOJ alleges Dr. Wilson Asfora performed unnecessary spinal surgeries: 4 details
- Orthopedic surgeon sues NFL wide receiver Antonio Brown for unpaid services
- Nebraska orthopedic clinic locked out of EHR after ransomware attack
- Sanford Health sends termination notice to neurosurgeon accused of Medicare fraud
- Lawsuits against fugitive neurosurgeon Dr. Allen Sossan settled
- Texas orthopedic surgeon pays $300,000 to settle kickback allegations over 'medical directorship' arrangement
- What Stryker's spine division stands to gain from 5 acquisitions
- Judge declines to bar former NuVasive employee from taking clients to Alphatec Spine
- NYC orthopedic surgeon’s office manager alleges doctor set her up for grand larceny arrest, charges: 5 details
- OrthoIndy's Dr. Dean Maar dies during home invasion
- Stryker reorganizes leadership team after key departure — 4 insights
- How Beacon Orthopaedics plans to grow after taking on a private equity investor
- Dr. Lyle Cain: Alabama quarterback Tua Tagovailoa to undergo operation
- PE firm invests in The Steadman Clinic after new affiliation: 5 key points
- Sanford settles alleged neurosurgeon anti-kickback violation suit for $20M