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Displaying items by tag: Stryker Corp

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
Friday, 03 August 2018 23:22

End of a cycle? M&A activity plateaus for West Michigan manufacturers, advisers say

Before Landscape Forms Inc. acquired Kornegay Design last year, the Kalamazoo-based designer and manufacturer of site furniture, accessories and lighting mulled several acquisition targets that shared its design culture and core beliefs.

Published in Manufacturing

Sunday, 04 March 2018 18:30

Closer to Nature: Kalamazoo Nature Center works behind the scenes to unite community with the outdoors

KALAMAZOO — The public’s view of the Kalamazoo Nature Center is one of beautifully preserved nature trails, numerous wildlife habitats, and a safe haven within the urban areas surrounding it.

Published in Economic Development
Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in Breaking News
Sunday, 12 November 2017 15:37

Stryker ‘very bullish’ on surgical robots

KALAMAZOO — The early success for Stryker Corp.’s surgical robot that’s now used in total knee replacement surgeries reflects a growing acceptance of the technology.

Published in Health Care

Sunday, 29 October 2017 12:57

MiBiz Growth Report: Oct. 30, 2017

Here is the MiBiz Growth Report for Oct. 30, 2017:

• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.

Published in Breaking News
Friday, 27 October 2017 11:41

Stryker sales up 6.1 percent in third quarter

Stryker Corp. reported revenues of $3 billion for the third quarter, a 6.1-percent increase from the same period a year earlier.

Published in Breaking News
Sunday, 17 September 2017 12:26

Kalamazoo-based FlowTech sells to new owners to pursue next stage of growth

KALAMAZOO — After two years of looking for manufacturing companies to buy, Dave Kersjes and Steve Remstad found an opportunity in FlowTech Inc., a small producer of fluid and air filtration products.

Published in Manufacturing

Thursday, 27 July 2017 20:13

Stryker boosts 2017 forecast after strong quarter

Stryker Corp. raised sales and earnings expectation for 2017 after recording a strong second quarter.

Published in Breaking News
Sunday, 23 July 2017 14:01

Staying the course: Manufacturers’ R&D spending expected to remain steady through 2018

West Michigan manufacturers continue to take a steady yet conservative approach to research and development spending.

Published in Manufacturing
Sunday, 16 July 2017 14:51

Stryker awarded $248.7 million in patent lawsuit

KALAMAZOO — Stryker Corp. is due $248.7 million from rival Zimmer Biomet Holdings Inc. in a seven-year-old federal lawsuit over patent infringement.

Published in Breaking News

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