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Virginia medical device manufacturer K2M is to be acquired by Michigan headquartered FORTUNE 500 medical technology firm Stryker (NYSE:SYK). Both companies apply 3D printing technology to the production of spinal implants. In the terms of the acquisition, K2M is to become a wholly owned subsidiary of Stryker at the aquisition price of $27.50 per share, generating a total value in the region of $1.4 billion.
Kevin A. Lobo, Chairman and CEO at Stryker, commented:
ACQUISITION - UNDERSCORES - OUR - COMMITMENT - TO
“THIS ACQUISITION UNDERSCORES OUR COMMITMENT TO THE SPINAL MARKET, WHICH IS THE LARGEST SEGMENT OF ORTHOPAEDICS WITH SIGNIFICANT UNMET NEEDS,”
“We believe K2M will significantly enhance our presence with surgeons, patients and employees in both the spine and related neurotechnology markets.”
Stryker - Catalog - Products - Implants - Replacement
Founded in 1941, Stryker distributes a broad catalog of products from implants used in joint replacement to surgical navigation systems. 3D printing technology at the company is marketed in the Tritanium (titanium alloy) spinal implant range which has achieved FDA clearance a number of times for various applications. Stryker’s 3D printed Tritanium implants are porous, a feature which helps promote the in-growth of cell tissues.
In a recent partnership, Stryker became a distributor for Virtual Surgical Planning (VSP) and 3D printed anatomical models...
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