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The world’s largest orthopedic medical equipment company: Stryker Corporation (SYK) (1946)

Stryker Corporation (NYSE:SYK) was founded in 1946 and is headquartered in Kalamazoo, Michigan, USA, with 36,000 full-time employees. It is one of the world’s largest orthopedics and medical technology companies. Stryker Corporation is a Fortune 500 medical technology company. Its products include implants for joint replacement and trauma surgery; surgical equipment and surgical navigation systems; endoscopes and communication systems; patient handling and emergency medical equipment; neurosurgery, neurosurgery Vascular and spinal devices; and other medical device products used in various medical professions .

Stryker Corporation SYK Logo

Stryker (Stryker company) Stryker Corporation (SYK) Wall Street:

Stryker (Stryker) is one of the global leaders in the medical device industry. Among them, it has the largest market share in the global orthopedics market. Its product items include consumable bone materials, endoscopes, push beds and other medical equipment products.

Stryker has 14 production R&D and sales divisions around the world, and its products involve joint replacement, trauma, craniofacial, spine, surgical equipment, neurosurgery, ENT, interventional pain management, minimally invasive surgery, navigation surgery, and intelligence Chemical operating room and network communications, biotechnology, medical beds, emergency push beds, etc.

Due to its good performance, Stryker was rated as one of the Fortune 500 companies and one of the top 50 medical companies in the United States by the famous “Fortune” magazine and “Business Week” respectively. Stryker’s Asia-Pacific headquarters is located in Hong Kong, supporting Stryker’s business development in many countries in the Asia-Pacific region, including Greater China, Australia, New Zealand, South Korea and Southeast Asia; providing finance, human resources, marketing, and information management And product strategy support.

Stryker (Stryker company) Stryker Corporation (SYK) History:

  • On February 20, 1946, the predecessor of Stryker Corporation, Orthopedic Frame Company was founded under the leadership of Dr. Homer Stryker;
  • In 1964, the company changed its name to Stryker Corporation;
  • Stryker’s initial public offering (IPO) in 1979, and later the acquisition of Osteonics Corporation;
  • In 1998, Stryker acquired Pfizer ‘s plastic surgery department-Howmedica for US$1.65 billion , and Howmedica became Stryker Orthopaedics;
  • In 2000, Stryker became one of the constituent stocks of S&P 500;
  • In August 2000, Stryker acquired Guided Technologies, Inc.;
  • In June 2002, Stryker acquired the spinal implant business of Surgical Dynamics Inc. for $135 million;
  • In August 2004, Stryker acquired SpineCore Inc. for US$120 million;
  • In December 2005, Stryker acquired PlasmaSol Corp. for $17.5 million;
  • In February 2006, Stryker acquired eTrauma.com Corp.;
  • In March 2006, Stryker acquired Sightline Technologies Ltd., an Israeli manufacturer of gastrointestinal endoscopy equipment;
  • In 2007, Stryker sold its Physiotherapy Associates business unit to private equity firm Water Street Healthcare Partners for $150 million;
  • In 2009, Stryker acquired Ascent Healthcare Solutions, Inc., a US medical equipment reprocessing and remanufacturing company;
  • January 2011, Stryker acquired Boston Scientific (Boston Scientific) neurovascular departments, including minimally invasive treatment of hemorrhagic and ischemic stroke equipment and products;
  • In June 2011, Stryker acquired Orthovita, a biomaterials company specializing in bone augmentation and replacement technology in Pennsylvania;
  • In July 2011, Stryker completed the acquisition of Memometal Technologies SA, a private equity company;
  • In August 2011, Stryker agreed to acquire Concentric Medical, Inc., a private equity company, for US$135 million;
  • In November 2012, Stryker acquired Israel’s Surpass Medical Ltd. for USD 135 million;
  • In March 2013, Stryker acquired Trauson Holdings Company Limited (Chuangsheng Company, a leader in spinal therapy in China) for HK$5.9 billion;
  • In December 2013, Stryker acquired MAKO Surgical Corporation and its robot-assisted surgical technology. MAKO is a company engaged in the production and sales of surgical robotic arm assistance platforms in South Florida. Its most notable is RIO (Robot Interaction). Orthopedic system) and orthopedic implants, MAKO Surgical is the second largest manufacturer of plastic surgery equipment in the United States;
  • In March 2014, Stryker acquired Pivot Medical, Inc., a private equity company located in Sunnyvale, California. Its representative product is hip arthroscopy;
  • In April 2014, Stryker acquired German Berchtold Holding AG for US$172 million. The latter is a world-class company operating surgical infrastructure equipment with more than 90 years of experience. Products include surgical operating tables, safe Operating room, ICU, surgical lighting system;
  • On July 1, 2014, Stryker Corp. announced the acquisition of the assets of Small Bone Innovations Inc. for US$375 million in cash. The latter is a product expert that helps surgeons treat and replace small bones and joints. It mainly develops and produces small bones and joints. Implants for joint replacement;
  • In September 2015, Stryker acquired Turkish company Muka Metal AS, which manufactures hospital beds and patient furniture in Kayseri;
  • In February 2016, Stryker announced that it would acquire Sage Products for US$2.8 billion;
  • On February 16, 2016, the famous American orthopedic medical company Stryker Corp announced the acquisition of Physio-Control International, the world’s second largest defibrillator manufacturer, from private equity firm Bain Capital for US$1.28 billion in cash. International Inc.). Physio-Control Ficon manufactured the world’s first defibrillator in 1955 and was acquired by Medtronic in 1998 ;
  • On June 11, 2018, Boston Scientific stated that it would not comment on Stryker’s acquisition offer;
  • On August 30, 2018, Stryker, the orthopedic giant, announced the acquisition of all issued and issued common stocks of K2M Group Holdings. Inc, a manufacturer of minimally invasive spine products, for US$1.4 billion. K2M will be merged into Stryker’s spine division;
  • In March 2019, Stryker acquired OrthoSpace in Israel.

Stryker Corporation Acquisition

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