If you continue, you may go to another country site or a site that does not belong to Stryker. Kalamazoo, Michigan, Oct. 21, 2019 (GLOBE NEWSWIRE) - Stryker (NYSE: SYK) announced today it has completed the acquisition of Mobius Imaging, LLC, a leader in point-of-care imaging technology, and its sister company, GYS Tech, LLC (DBA Cardan Robotics). As we pursue our mission to make healthcare better, we see endless opportunity. That is why we continue investing time and resources in the areas that are most important to our employees, customers and the communities where we live and work. Web page addresses and e-mail addresses turn into links automatically. Your use of the other site is subject to the conditions of use and the privacy statement of that site. Medtronic's Pelvic Health Business Thrives Under the 'New Medtronic', Diversity Is a Recurring Theme of The MedTech Conference, Boston Scientific Takes on Systemic Racism. "And then we'll look at the related dilution and figure out whether we can offset it or not. When Dr. Homer Stryker, an orthopaedic surgeon from Kalamazoo, Michigan, U.S.A, found that certain medical products were not meeting his patients’ needs, he invented new ones. The acquisition, slated to close in the fourth quarter, is not expected to impact Stryker's net earnings in 2019. Kalamazoo, Michigan-based Stryker Corporation, the #1 robotics company in orthopedics, announced a definitive agreement to acquire Mobius Imaging as well as its sister company Cardan Robotics. "This acquisition brings expertise in advanced imaging and robotics as well as a robust product pipeline that add to Stryker’s portfolio and will allow the spine division to provide more complete procedural solutions, including sales, service, and support," said Spencer Stiles, president of Stryker's orthopedics and spine group. As interest in these products grew, Dr. Stryker started a company in 1941 to produce them. Advertisement (Continued from page 2) Wall Street Reacts. Stryker hit the M&A trail hard last year but has been a bit more chill this year on deal activity, with a few exceptions. Today, we are one of the world's leading medical technology companies. Lines and paragraphs break automatically. We push each other to be better, tackling challenges together and finding new and better ways of doing things. Stryker agreed to acquire Mobius Imaging and its sister company, Cardan Robotics, for up to $500 million. Stryker to Acquire Mobius Imaging and Cardan Robotics for $370M Kim DelMonico • Thu, September 12th, 2019 Print this article . Stryker agreed to acquire Mobius Imaging and its sister company, Cardan Robotics, for up to $500 million. We do not review or control the content of non-Stryker sites, nor are we responsible for any commercial activity or transactions on those sites. All rights reserved. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Registered in England and Wales. As you've seen we are very committed to operating margin expansion. "As it relates to dilution, once we see an asset that we think will be really value-creating for Stryker, we're going to want to do that deal," Lobo said. We've been able to offset Novadaq, Entellus, K2M, deal after deal that are high-growth deals that have dilution, we've been able to offset.". “It’s the people.” That’s the answer you’ll hear most often when you ask our employees why they love working here.

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