Displaying items by tag: Stryker Corp
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.
GRAND RAPIDS — New capital investments involving existing investors will bring two health care startups backed by Genesis Innovation Group LLC closer to the market.
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.
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.
This is the MiBiz growth report for April 12, 2020.
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.
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.
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.
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.