MedTechDive summary
Dive Brief:
Stryker said Monday it has agreed to buy Artelon for an undisclosed sum to add soft tissue repair technology to its portfolio.
The deal will give Stryker ownership of soft tissue fixation products for foot and ankle and sports medicine procedures. BTIG analysts said in a research note the takeover could boost growth and serve as a “defensive mechanism against peers who have been growing rapidly in the space.”
Orthopedic companies including Zimmer Biomet have acquired soft tissue technologies in recent years, but Artelon’s use of synthetic materi...
