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Displaying items by tag: Stryker Corp

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
Sunday, 28 July 2019 12:10

Stryker raises expectations for 2019 after ‘robust’ quarter

KALAMAZOO — Stryker Corp. raised its sales and earnings guidance for 2019 after what President and CEO Kevin Lobo called a “robust” second quarter.

Published in Finance
Friday, 21 June 2019 11:39

MiBiz Growth Report: June 24, 2019

Here is the growth report for June 24, 2019.

Published in Finance

Sunday, 16 June 2019 12:00

New med device company looks to build out product line

A new medical device company in Kalamazoo plans to begin building a business around a product acquired from Stryker Corp. to treat a painful and potentially life-threatening condition.

Published in Health Care
Tuesday, 26 February 2019 10:14

Stryker acquires Bay Area medical device company

Stryker Corp. has completed the acquisition of Arrinex Inc., a Menlo Park, Calif.-based medical device company that developed a treatment for chronic rhinitis.

Published in Manufacturing
Sunday, 25 November 2018 20:30

Stryker M&A strategy focuses on tuck-in deals to maintain growth trajectory

KALAMAZOO — Two deals that closed in recent weeks typify medical device firm Stryker Corp.’s acquisition strategy.

Published in Health Care

Friday, 26 October 2018 11:08

Stryker reports higher sales in third quarter

Stryker Corp.’s sales grew nearly 8 percent during the third quarter to $3.24 billion. The quarterly result compares to sales of $3 billion in the same period last year.

Published in Finance
Sunday, 14 October 2018 11:11

MiBiz Growth Report: Oct. 15, 2018

Here is the MiBiz Growth Report for Oct. 15, 2018.

Published in Finance
Monday, 01 October 2018 14:02

Stryker acquires N.C. med device firm for $220 million

Stryker Corp. acquired Durham, N.C.-based HyperBranch Medical Technology Inc. for $220 million.

Published in Manufacturing

Sunday, 16 September 2018 19:47

MiBiz Growth Report: Sept. 17, 2018

Here is the MiBiz Growth Report for Sept. 17, 2018.

Published in Breaking News
Monday, 03 September 2018 19:00

MiBiz Growth Report: September 4, 2018

Here is the MiBiz Growth Report for Sept. 4, 2018.

Published in Breaking News
Thursday, 30 August 2018 10:59

Stryker to acquire spinal device maker for $1.4 billion

Stryker Corp. signed a deal to pay $1.4 billion to acquire Leesburg, Va.-based K2M Group Holdings Inc., a maker of spinal devices.

Published in Breaking News

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