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Article: United States: Stryker spends $103 million on a pair of acquisitions.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
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Byline: manish03
Stryker Corp. spent an estimated $103 million beefing up two of its divisions.
The Kalamazoo, Mich.-based medical device giant said the company will acquire OtisMed Corp., a software company out of Alameda, Calif., that makes computer programs for customizable knee replacements.
Founded in 2005, OtisMed will become a part of Stryker's orthopedic division but maintain its Alameda headquarters. The company said OtisMed's technology will compliment Stryker's Triathlon knee system and other aspects of its implant business.
The acquisition could bolster Stryker's best-performing division. Sales of orthopedic implants rose ...