Is Stryker on a Buying Spree That Could Rival Boston Scientific’s?

Including the most recently announced $220 million acquisition of HyperBranch Medical Technology, Stryker has picked up three companies since late August and is moving at a pace with its deal activity that could rival Boston Scientific’s.

It really seems like Stryker is starting to behave a lot like Boston Scientific when it comes to making acquisitions. In the last few months, the Kalamazoo, MI-based company been hitting the M&A trail fast and furious – which is eerily similar to what Boston Scientific has been doing throughout the year.

Stryker’s most recent proposed acquisition is of HyperBranch Medical Technology in an all-cash transaction for $220 million. The deal is said to help Stryker boost its neurotechnology business.

Durham, NC-based HyperBranch has developed the Adherus AutoSpray Dural Sealant. As a PMA approved and CE cleared hydrogel that is indicated for use as an adjunct to standard methods of dural repair to aid in creating a watertight closure of the dura, the Adherus product is highly complementary to Stryker’s Craniomaxillofacial division.

“The acquisition of HyperBranch supports our growth strategy within our Neurotechnology business,” Spencer Stiles, Group President, Neurotechnology, Instruments and Spine for Stryker, said in a release. “The addition of Adherus to our cranial closure portfolio strengthens our position of excellence in the dural repair space and aligns with Stryker’s mission of making healthcare better.”

By Omar Ford | MD+DI

Image Credit: Stryker

READ MORE

Avatar
About Peter Coffaro 681 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the orthopedic industry. Recognized by MedReps.com as one of the top medical sales influencers in the industry; he has 10 years of combined sales management experience and has held positions as a Director, General Manager and Distributor. Peter has worked for some of the top orthopedic companies in the world - Zimmer, DePuy and Stryker. He is also the founder of OrthoFeed: a popular blog that covers orthopedic news and emerging medical technologies. Peter is a three-time Hall of Fame award winner at Johnson and Johnson and has an extensive background in organizational development, business development, sales management, digital marketing and professional education. Peter holds a B.S. degree in Biology from Northern Illinois University.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.