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MAKO Surgical sells to Stryker for $1.65 billion
… 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.
tags: c-Business-Finance, cx-Health-Medicine
Frank Tobe
is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe
is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
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