Stryker Finalized its Purchase of Mako Surgical Corporation

As the year 2013 draws to a close, Stryker has fnalized its purchase of Mako Surgical Corp., its rival medical device manufacturing company that utilizes robot-assisted orthopaedic surgical procedures. As reported by Reuters last September 2013, Stryker paid $1.65 billion to acquire this technology.
 
According to legal analysts, Stryker is seemingly creating new strategies to stay on top of the medical device sector amidst the several legal endeavors the company face due to the recalled Stryker hip replacement devices.
 
Presently, Stryker faces a number of lawsuits filed by the affected patients of the Rejuvenate and ABG II hip replacement devices which were voluntarily recalled by the company in July 2012 due to safety issues. Majority of the filed lawsuits have been consolidated into a federal multidistrict litigation (MDL) and a multicounty litigation (MCL).

Read More: Stryker Finalizes Its Acquisition of Mako Surgical Corporation 

Advertisements

Tagged: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: