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Displaying items by tag: Stryker Corp

Sunday, 18 September 2016 15:56

MiBiz Growth Report: Sept. 19, 2016

Here is the MiBiz Growth Report for Sept. 19, 2016.

• M&A: Zeeland-based BiaCare Corp., a manufacturer of compression garments and bandages, was acquired by SIGVARIS Group, a Swiss maker of medical compression textiles. BiaCare was founded 12 years ago and employs 22 people in Zeeland, according to a statement. The company developed a range of compression products with velcro wraps to treat lymphedema, lipedema and chronic venous insufficiency. Terms of the deal were not disclosed. SIGVARIS pursued the acquisition as part of its international growth strategy for medically complex compression applications, calling BiaCare “a pioneering leader” in the segment. For BiaCare, the deal “significantly increases our ability to provide physicians and therapists the compression solutions they need,” according to President Keith Hoffman. 

Published in Breaking News
Friday, 02 September 2016 10:20

Stryker acquires New Jersey-based Ivy Sports Medicine

Stryker Corp. has acquired Ivy Sports Medicine LLC, a Montvale, N.J.-based producer of products to repair meniscal tears in the knee.

Published in Breaking News
Thursday, 21 July 2016 16:54

Stryker reports strong growth for Q2

Stryker Corp. posted sales growth of 16.6 percent for the second quarter, although net income dipped.

Published in Breaking News

Tuesday, 28 June 2016 09:09

Whirlpool looks to calm investors as shares tumble more than 13 percent after Brexit vote

With its share price down more than 13 percent since the Brexit vote, appliance maker Whirlpool Corp. looked to calm investors this morning by reaffirming its guidance for the 2015 fiscal year.

Published in Breaking News
Sunday, 26 June 2016 12:09

Post-Brexit, West Michigan public company stocks take a beating

Stock prices of West Michigan’s publicly traded companies tumbled on Friday as Wall Street succumbed to the uncertainty caused by the U.K.’s decision to exit the European Union.

Published in Breaking News
Sunday, 29 May 2016 11:11

Going 3-D: Manufacturers say tech drives sustainability, revenue

West Michigan office furniture manufacturers could soon be incorporating scrap wood into the production of their products through a new partnership with Michigan Technological University.

Published in Manufacturing

Sunday, 15 May 2016 12:30

MiBiz Growth Report: May 16, 2016

Here is the MiBiz Growth Report for May 16, 2016: 

• M&A: Indianapolis-based The XLerate Group, a portfolio company of Detroit-based private equity firm Huron Capital Partners LLC, has acquired Jenison-based Grand Rapids Auto Auction. The deal represents the second acquisition in a year for The XLerate Group, which acquired Schoolcraft-based Greater Kalamazoo Auto Auction in May 2015. XLerate provides dealer-to-dealer auto auctions for used vehicles. Grand Rapids Auto Auction, located at 2380 Port Sheldon Ct., provides used vehicle remarketing to fleet and leasing companies and dealers in Michigan, Illinois and Ohio. Terms of the deal were undisclosed. Through the acquisition, XLerate now has local auto auctions that operate 17 physical and mobile sites in Michigan, South Carolina, California, Texas, Wisconsin and Florida.

Published in Breaking News
Friday, 29 April 2016 12:35

Stryker acquires U.K.-based Stanmore Implants

Stryker Corp. bought U.K.-based orthopaedic implant firm Stanmore Implants Worldwide Ltd. from SIW Holdings Ltd. for 35.6 million euros.

Published in Breaking News
Wednesday, 20 April 2016 17:13

Strong first quarter spurs Stryker to boost sales projections for 2016

Stryker Corp. bumped up expectations for the full year after reporting higher sales and earnings for the first quarter.

Published in Breaking News

Sunday, 17 April 2016 17:22

MiBiz Growth Report: April 18, 2016

Here is the MiBiz Growth Report for April 18, 2016:

• M&A: Poltrona Frau Group acquired JANUS et Cie, a Los Angeles-based luxury outdoor furniture manufacturer, according to a statement. Poltrona Frau is a member of the lifestyle design division Haworth Inc., a Holland-based office furniture manufacturer. Executives cited Poltrona Frau’s goal to enter the outdoor furniture market as a driver for the acquisition. JANUS et Cie will maintain its operations in California and executives at the company will retain their positions, according to the statement. The company employs 240 workers throughout its operation. Terms of the deal were not disclosed.

Published in Breaking News
Tuesday, 05 April 2016 17:24

Stryker acquires Physio-Control International

Stryker Corp. announced today that it closed on the $1.28 billion acquisition of Physio-Control International Inc.

Published in Breaking News
Sunday, 03 April 2016 15:32

Stryker offers money-back guarantee to hospitals using its safety device

KALAMAZOO — Stryker Corp. is so confident about the efficacy and reliability of a new surgical safety device that it’s willing to issue a guarantee to hospitals that use it. 

Published in Health Care

Sunday, 20 March 2016 16:51

West Mich. med device makers cope with OEM consolidation, global expansion

As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation. 

Published in Manufacturing
Monday, 01 February 2016 12:56

Stryker signs agreement to acquire Illinois-based Sage Products

The Kalamazoo-based Stryker (NYSE: SYK) is buying Sage Products from private equity firm Madison Dearborn Partners in Chicago. The Cary, Ill.-based Sage Products had sales of $430 million in 2015, a 13-percent increase from the prior year.

Published in Breaking News
Wednesday, 13 January 2016 15:02

Stryker grew sales in 2015, expects the same for 2016

In reporting preliminary results for last year, the Kalamazoo-based Stryker (NYSE: SYK) said global sales topped $9.9 billion. Sales grew at a slightly higher rate on the fourth quarter, 6.4 percent, reaching $2.7 billion.

Published in Breaking News

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