Europe's recession likely to hurt Stryker's orthopedic business in Q2 (MassDevice)
Southern Europe remains a "challenging" environment for ortho giant Stryker as hospitals in Spain and Portugal cut back on procedures in the wake of a crippling recession.
Stryker says its business in Europe is under pressure thanks to a crippling recession in some parts of the continent.
Katherine Owen, strategy and investor relations vice president for the Kalamazoo, Mich.-based orthopedics giant, told investors last week that business in Europe has been "challenging." She said the company derives about 15% of...
