Stryker Closes Gap With Competitors In Strategic Spinal Robotics Acquisition

Stryker is acquiring point-of-care imaging company Mobius Imaging and spine robotics company Cardan Robotics in a deal worth up to $500m.

M&A, Mergers and Acquisitions. US Dollar texture. - Illustration
• Source: shutterstock.com

Stryker Corp. has agreed an all-cash transaction to buy point-of-care technology company Mobius Imaging and its sister company Cardan Robotics.

The company has agreed to pay $370m upfront and up to $130m in contingent payments for Mobius and Cardan in order to boost its spinal robotics division. Mobius Imaging, founded...

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