Did Stryker Mako Mistake? (OrthoSpineNews)
Stryker (download 4-page analysis of Stryker HERE) plans to pay a pretty penny for robot-assisted surgery outfit MAKO Surgical, signing up to trade $1.7 billion for the company, an 86% premium to its latest closing price.
Through the deal, Stryker gets Mako’s Rio system–a robot-assisted surgical device used in orthopedic procedures–and the company’s fleet of Restoris implants. Sales and services for Rio systems led Mako to $102.7 million in revenue last year, a 22% jump over 2011.
Stryker, by paying nearly twice Mako’s market cap, clearly has quite a...
