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.