Stryker has acquired a smaller medical device manufacturer, Mako Surgical Corp., as reported by the Reuters. Stryker paid a total of $1.65 to access this technology for robot-assisted orthopedic surgical procedures.
According to Reuters, this move will help Stryker merge its implant manufacturing technology with Mako’s surgical technology. Mako’s surgical system uses a robotic arm to assist surgeons with the implantation of knee and hip devices.
Financial analysts say that Stryker is confident to defend itself against competitors with this deal.
Based on a statement of Stryker CEO Kevin Lobo “the acquisition of Mako combined with Stryker’s strong history in joint reconstruction, capital equipment and surgical instruments will help further advance the growth of robotic assisted surgery.”
Read More: Stryker Acquires Rival Medical-Device Maker for $1.65 Billion
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