Stryker dives deeper into spine imaging, robotics with $500M deal (FierceBiotech)
Stryker is snapping up CT scanner manufacturer Mobius Imaging—along with the latter’s sister company focused on spine surgery robotics—in a $500 million deal that bolsters its spine division’s capabilities in image-guided procedures.
With a cash down payment of about $370 million and up to $130 million in development and commercial milestones, Stryker described the acquisition as one that also aligns with its spinal implant and navigation offerings.
"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 provide more complete procedural solutions, including sales, service and support," Stryker’s orthopedics and spine group president, Spencer Stiles, said in a statement.
Mobius’ Airo TruCT scanner offers mobile, real-time imaging both with and without a procedural imaging table. In February, the portable system was integrated for the first time with Stryker’s NAV3i guidance system for spine surgeries through a program at WellSpan York Hospital in Pennsylvania.
“The Airo CT is designed t...
