Category: Surgical equipment

Stryker spends $103 million on a pair of acquisitions

November 10, 2009 by MassDevice staff

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.

Dollar woes add up to a modest Q3 gain for Stryker Corp.

October 20, 2009 by MassDevice staff

A slumping dollar was just enough to keep Stryker Corp. sales from completely flat-lining during the third quarter.

The decline in the value of the U.S. dollar against other currencies worked to prop up otherwise flat sales for the orthopedic and surgical equipment manufacturer during the three months ended Sept. 30, resulting in a 1.2 percent quarterly increase in sales compared with year-ago results.

Stryker's bottom line also benefited from a soft dollar, turning a modest $3 million gain in third-quarter net income into a 1.3 percent jump in profits.