Stryker (NYSE:SYK) CEO Kevin Lobo told an investors conference audience in Las Vegas yesterday that the medical device company is still in the mergers & acquisitions hunt, even after its newsmaking buyouts of China’s Trauson Holdings, Israel’s Orthovita and Surpass Medical.
Orthopedic devices maker Tornier (NSDQ:TRNX) this week agreed to pay $135 million for reconstructive devices maker OrthoHelix.
Tornier plans to pay $100 million in up-front cash and $35 million in Tornier stock, paying for the deal with cash on hand and borrowings, according to a company statement.