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Displaying items by tag: Stryker Corp

Tuesday, 28 June 2022 11:00

Whirlpool to divest Russian operations 

BENTON HARBOR — Appliance maker Whirlpool Corp. is selling off its operations in Russia. 

Published in Manufacturing
Friday, 29 April 2022 12:03

Stryker records Q1 sales growth despite supply chain, hospital staffing challenges

KALAMAZOO — Stryker Corp. recorded a solid first-quarter sales gain despite supply chain issues and staffing shortages at hospitals that delayed the installation of capital medical equipment.

Published in Manufacturing
Sunday, 30 January 2022 20:31

Several West Michigan companies earn perfect scores for LGBTQ equality in workplace

Several large West Michigan-based companies earned a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, a tool that scores how well businesses support LGBTQ people. 

Published in Talent

Sunday, 16 January 2022 18:41

MiBiz Growth Report: January 17, 2022

Here is the MiBiz Growth Report for January 17, 2022.

Published in Economic Development
Thursday, 06 January 2022 12:38

Stryker to buy health care software company for nearly $3B

KALAMAZOO — Stryker Corp. plans to buy health care software company Vocera Communications Inc. for nearly $3 billion.

Published in Health Care
Sunday, 24 October 2021 18:40

After ‘soul searching,’ Southwest Michigan First finds new CEO

KALAMAZOO — The new CEO at Southwest Michigan First sees the job as an opportunity to come home to the Midwest and run what he considers “one of the best” economic development organizations in the country.

Published in Economic Development

Sunday, 26 September 2021 19:00

Two exits provide momentum for VC firm The 4100 Group

Two recent exits involving portfolio companies create momentum for the investment arm of dental insurer Delta Dental of Michigan.

Published in Finance
Sunday, 01 August 2021 17:09

Zoetis’ COVID-19 vaccines for animals bolster Southwest Michigan’s life sciences profile

KALAMAZOO — Nine months ago, some of the first COVID-19 vaccines left Portage and found their way into the arms of patients around the country. 

Published in Manufacturing
Wednesday, 28 July 2021 11:28

Stryker sales grow 55% as company regains pre-COVID ‘rhythm’

KALAMAZOO — Stryker Corp.’s sales grew 55 percent in the second quarter, driven primarily by a return of business lost last year with the onset of the COVID-19 pandemic.

Published in Health Care

Thursday, 28 January 2021 16:40

6 West Michigan companies earn top grades for LGBTQ equality workplaces

GRAND RAPIDS — Six West Michigan corporations earned top scores in this year’s Corporate Equality Index rankings recently published by the Human Rights Campaign, showcasing the companies as among the best places to work for LGBTQ equality.

Published in Economic Development
Thursday, 28 January 2021 10:45

Stryker Q4 sales affected by resurgence in COVID-19 cases

KALAMAZOO — Stryker Corp.’s sales grew 3.2 percent in the fourth quarter amid a resurgence of COVID-19 infections that affected market demand for elective medical procedures.

Published in Health Care
Wednesday, 06 January 2021 14:03

Stryker acquires Florida-based sensor technology maker

KALAMAZOO — Stryker Corp. acquired Dania Beach, Fla.-based OrthoSensor Inc., a producer of sensor technology for musculoskeletal care and total joint replacement.

Published in Health Care

Sunday, 08 November 2020 09:58

MiBiz Growth Report: November 8, 2020

Here is the MiBiz Growth Report for November 8, 2020.

Published in Economic Development
Tuesday, 03 November 2020 17:19

Settlement requires Stryker to divest certain products before $4B acquisition

Stryker Corp. will have to divest ankle and finger implant businesses under a proposed agreement with federal trade regulators to allow a $4 billion deal to proceed with Wright Medical Group N.V., a Netherlands-based maker of various orthopedic products.

Published in Health Care
Friday, 30 October 2020 09:41

Stryker Q3 earnings rebound after pandemic-related declines

KALAMAZOO — Stryker Corp.’s sales and earnings rebounded in the third quarter after falling sharply in the prior three months and early weeks of the COVID-19 pandemic.

Published in Health Care

Friday, 31 July 2020 08:29

Stryker Q2 sales fall sharply on pandemic-related delays for medical procedures

KALAMAZOO — Stryker Corp.’s sales declined sharply in the second quarter, as restrictions in the U.S. and globally during COVID-19 pandemic caused delays and deferrals of medical procedures, leading to a rare quarterly loss.

Published in Health Care
Sunday, 21 June 2020 18:02

Capital raises bring pair of Genesis Innovation-backed startups closer to market

GRAND RAPIDS — New capital investments involving existing investors will bring two health care startups backed by Genesis Innovation Group LLC closer to the market.

Published in Finance
Friday, 01 May 2020 08:24

Fewer elective procedures limits Stryker sales growth

KALAMAZOO — Stryker Corp. recorded a modest sales increase in the first quarter, as the COVID-19 pandemic cut into demand from medical procedures that were delayed or postponed and as hospitals were unable to perform elective medical procedures.

Published in Health Care

Sunday, 26 April 2020 18:48

Rules relaxed as manufacturers step up to address critical health equipment shortages

As Michigan manufacturers shift course to join the growing “arsenal of health,” federal regulators have responded to the COVID-19 outbreak by reducing potential liability that typically comes with making medical supplies.

Published in Manufacturing
Sunday, 12 April 2020 10:14

MiBiz Growth Report: April 12, 2020

This is the MiBiz growth report for April 12, 2020.

Published in Economic Development
Wednesday, 01 April 2020 13:37

Stryker withdraws guidance, citing ‘uncertain scope and duration’ of pandemic

KALAMAZOO — Medical device maker Stryker Corp. expects the growing push to defer elective surgeries as health care organizations deal with a rush of COVID-19 patients to have “a significant negative impact” on its operations and financial performance. 

Published in Health Care

Sunday, 09 February 2020 17:45

West Michigan manufacturers brace for disruptions from Chinese Coronavirus outbreak

A tooling engineer from Grand Rapids-based Tier-1 supplier ADAC Automotive was traveling in the Wuhan area of China when the Coronavirus public health crisis broke in late January. 

Published in Manufacturing
Wednesday, 29 January 2020 09:43

Stryker reports higher sales for fourth quarter

KALAMAZOO — Stryker Corp. grew earnings nearly 9 percent in the fourth quarter, providing what Chairman and CEO Kevin Lobo called an “excellent finish” to the year.

Published in Health Care
Sunday, 10 November 2019 21:00

Closure of Grand Rapids facility fuels concern over medical device shortage

The stoppage of medical device sterilization at a Grand Rapids facility by the end of the year is adding to local and national concerns about the availability of critical health care equipment.

Published in Manufacturing

Saturday, 09 November 2019 08:29

Growth Report: Nov. 9, 2019

Here is the growth report for November 9, 2019.

Published in Economic Development
Monday, 04 November 2019 10:24

Stryker to acquire Wright Medical for $4 billion

KALAMAZOO — Stryker Corp. plans to buy Wright Medical Group N.V., a Netherlands-based maker of orthopedic products for the ankle, wrist, foot and shoulder, for $4 billion in cash.

Published in Health Care
Wednesday, 30 October 2019 09:19

Mexican agency accuses Stryker of bribery in federal lawsuit

A federal lawsuit claims Stryker Corp. for years used bribery “as an integral part of its world-wide marketing strategy” to sell medical products to an agency of the Mexican government that provides care to residents.

Published in Manufacturing

Saturday, 14 September 2019 20:11

MiBiz Growth Report: September 14, 2019

Here is the growth report for September 14, 2019.

Published in Economic Development
Wednesday, 04 September 2019 11:58

Stryker to acquire advanced imaging firm Mobius

KALAMAZOO — Stryker Corp. said today it has signed a definitive agreement to acquire Mobius Imaging LLC, a Massachusetts-based advanced imaging technology company for about $370 million in cash.

Published in Health Care
Sunday, 18 August 2019 17:00

MiBiz growth report: August 19, 2019

Here is the MiBiz Growth Report for Aug. 19, 2019:

Published in Economic Development

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