Hot Off Closing on Wright, Stryker is Back on the M&A Trail

January 16, 2021 Digital Health, Joint Replacement, M&A, Orthopedics, Stryker

Kalamazoo, MI-based Stryker has acquired OrthoSensor, a specialist in the digital evolution of musculoskeletal care and sensor technology for total joint replacement.

Only five days into the new year and two months after closing a colossal deal in orthopedics, Stryker is back on the prowl for more M&A. The Kalamazoo, MI-based company said Tuesday it has acquired OrthoSensor, a specialist in the digital evolution of musculoskeletal care and sensor technology for total joint replacement.

The companies did not disclose the sum.

Dania Beach, FL-based OrthoSensor was founded in 2017 and quantifies orthopedics through intelligent devices and data services. The private firm’s Verasense creates a knee balancing solution and has been used with Stryker’s Triathlon Knee System since 2011.

Stryker said Verasense is also complementary to the Mako SmartRobotics system and can enhance the robotic workflow through one complete data-driven feedback mechanism.

Additionally, the MotionSense remote patient monitoring wearables and mobile application combined with the OrthloLogIQ cloud-based data platform has the potential to further enhance Stryker’s insightful data analytics capabilities.

“Smart devices and implants will play a big role in orthopedics 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, Orthopedics and Spine. “Patient recovery will become more active as real-time measurement on key performance insights drive improved outcomes and patient satisfaction.”

By Omar Ford | MD+DI

Image Credit: OrthoSensor

READ MORE

About Peter Coffaro 510 Articles

Peter Coffaro is a growth-driven and strategic executive with over 25 years of progressive management success in the medical device industry. With a proven track record and recognized expertise, Peter has established himself as one of the top influencers in medical sales, as acknowledged by prestigious publications such as the World Journal of Orthopedics, Exponential Healthtech, and MedReps.com. Throughout his career, Peter has accumulated 10 years of combined sales management experience, excelling in various roles including Director, General Manager, Distributor, and Vice President. He has worked for industry-leading orthopedic companies such as Zimmer, DePuy, and Stryker, solidifying his deep knowledge and network within the field. Peter’s passion for innovation and emerging technologies led him to found OrthoFeed, an award-winning blog covering digital orthopedic news and emerging medical technologies. Through this platform, he stays at the forefront of the industry and contributes to the dissemination of valuable insights. Peter is a three-time Hall of Fame award winner at Johnson and Johnson, demonstrating his exceptional contributions and impact on the organization. His expertise extends to areas such as organizational development, business development, sales management, digital marketing, and professional education. Peter earned a B.S. degree in Biology and Chemistry from Northern Illinois University, further complementing his comprehensive understanding of the medical field. With his wealth of experience, strategic mindset, and dedication to advancing healthcare, Peter Coffaro is a valuable asset and leader in the medical device industry.