Stryker Emphasizes Role of Smart Devices with OrthoSensor Acquisition
The deal will strengthen Stryker’s portfolio of smart technologies in its joint replacement business and provide products that help physicians make data-driven decisions.
Stryker announced that it has acquired privately held OrthoSensor, Inc., a company that uses intelligent devices and data services to help surgeons and hospitals make evidence-based, data-driven decisions. The company is considered a leader in sensor technology for joint replacements and its products are expected to complement Stryker’s portfolio of smart technologies, including the Make SmartRobotics system.
“Smart devices and implants will play a big role in orthopaedics and we are excited for OrthoSensor to join Stryker as we continue to innovate and advance smart sensor technologies, including intraoperative sensors, wearables and smart implants across our joint replacement business,” said Spencer Stiles, Stryker’s Group President, Orthopaedics and Spine in a company press release. “Patient recovery will become more active as real-time measurement on key performance insights drive improved outcomes and patient satisfaction.”
Financial details of the deal have not been disclosed.
The healthcare and life sciences M&A markets were active in 2020 and transaction activity is robust and growing in 2021, even amid the COVID-19 pandemic. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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