MAKO Surgical sells to Stryker for $1.65 billion
by
Frank Tobe
Stryker Corporation (NYSE:SYK) to acquire MAKO Surgical Corp (NASDAQ:MAKO) for $1.65 billion – an action which brought MAKO’s stock from $16 to $29 in one fell swoop.
Stryker is a medical technology company providing a wide array of medical devices and equipment.
The combination of Stryker’s established industry presence can provide wider distribution for MAKO’s innovative products such as it’s RIO Robotic-Arm Interactive Orthopedic system (shown in the photo above) for knee and hip procedures.
The acquisition may boost the credibility of robotic medical and surgical equipment providers, particularly Intuitive Surgical (NASDAQ:ISRG) who has received almost a year of bad news on a variety of fronts.
Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Computational Design
January 27, 2021
January 27, 2021
Are you planning to crowdfund your robot startup?
Need help spreading the word?
Join the Robohub crowdfunding page and increase the visibility of your campaign
Need help spreading the word?
Join the Robohub crowdfunding page and increase the visibility of your campaign