Stryker acquires OtisMed for $103M total including future milestone and royalty payments

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Stryker Corporation (NYSE: SYK) announced today that it has acquired OtisMed Corporation, a privately held, software technology firm. OtisMed will focus on customizable instrumentation that has the potential to complement the many benefits that surgeons and patients realize from Stryker's Triathlon Knee System.  OtisMed will operate as part of Stryker's Orthopaedics Division and remain located in Alameda, California.
Stryker Press Release...   http://ow.ly/Bko9
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