See all Orthopedic M&As (by date)
Stryker to acquire French spinal implant maker Vexim for $216m (MassDevice)
Stryker (NYSE:SYK) yesterday acquired a majority stake in Vexim for roughly $216 million and plans to buy the rest of the French spinal implant maker today.
Kalamazoo, Mich.-based Stryker paid €20 ($23.63) per share for Vexim’s stock and €3.91 ($4.62) per listed warrant, for a total equity value of €183 million, Vexim said. The deal is expected to close during the fourth quarter.
“We are really excited by this transaction and enthusiastic about our future integration into Stryker’s...
