Stryker created a new Ortho Tech division during the first quarter combining the orthopedic instruments, enabling technologies and Mako robotics portfolios.
Three things to know:
1. The Ortho Tech segment was formed in the beginning of the first quarter, CEO Kevin Lobo said in an April 30 earnings call.
“This move aligns two units that serve orthopedic customers with products such as System 9 power tools, Flyte personal protection products, pulse lavage, as well as Mako Enabling Technologies,” Mr. Lobo said, as transcribed by Motley Fool.
2. The Ortho Tech business was made to simplify customer experience, bolster innovation and increase speed to market, Mr. Lobo said.
3. Ortho Tech results will be shared within the orthopedics segment, and neurocranial businesses are now reported together with the remaining surgical technologies portfolio under instruments, Vice President of Finance and Investor Relations Jason Beach said during the earnings call.
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