Analyst: Latest Stryker deal is more than “just another tuck-in acquisition” (MedCityNews)
Don't mistake Stryker's latest $500 million deal in the spine market as a simple tuck-in acquisition, says one analyst while another says it could help Stryker give Medtronic a run for its money.
On Wednesday, orthopedics company Stryker announced that it was buying Mobius Imaging and its sister company, GYS Tech, (which does business as Cardan Robotics), for $370 million upfront cash and up to $130 million in milestone payments.
Per Stryker’s announcement Mobius Imaging, founded in 2008 and based in Massachusetts, is focused on “integrating advanced imaging technologies into medical workflow, which can enhance a clinician’s ability to obtain high-quality images.” Its Airo TruCT scanner is a mobile, real-time, diagnostic-quality CT imaging system. Cardan Robotics, founded in 2015, is developing novel robotics and navigation technology systems for surgical and interventional radiology procedures.
“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 provid...
