The deal was closed Nov. 11, the release said. Stryker received regulatory approvals for the acquisition earlier in November.
“This acquisition enhances our global market position in trauma and extremities, providing significant opportunities to advance innovation and reach more patients,” Kevin Lobo, Stryker chair and CEO, said in the release. “We welcome the Wright Medical team to Stryker and look forward to growing the combined business by delivering solutions that improve patient outcomes.”
Read more details here.
More articles on devices:
Robotics in spine surgery: 17 notes for surgeons, ASCs & administrators
Zimmer Biomet net sales increase 2%, knee sales dip .5% in Q3
10 most influential orthopedic specialists on Twitter in Q3, according to GlobalData
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.
