2013 Medtech M&A Review: A Lot of M&A Movement in Orthopedics (MDDI Online)
List of Recent Mergers and Acquisitions
This year saw several important acquisitions in the orthopedics sector.
The largest transaction in the very active orthopedic device area was Stryker’s proposed acquisition of publicly held Mako Surgical Corp. for $1.65 billion (13x revenues and 183% over the value of Mako on the day before the transaction was announced). Mako produces orthopedic surgical systems and knee and hip implants for treating early- to mid-stage osteoarthritis, and its key product is the RIO surgical system, which includes a robotic arm that assists surgeons to precisely insert orthopedic implants.
With Mako under its umbrella, Stryker will be able to use its own implants with Mako’s RIO system, thereby broadening the adoption of RIO while defending itself as the orthopedic products of competitor. The pioneering company in robot-guided surgical procedures is publicly held Intuitive Surgical, whose da Vinci Surgical System has gained mainstream acceptance. It is estimated that in 2012 there were 400 da Vinci surgeries. The growth potential for robot-assisted surgeries is believed to be...
