Stryker agrees to acquire Pivot Medical

Stryker announced it has reached a definitive agreement to purchase Pivot Medical Inc. in an all-cash transaction. Pivot Medical focuses on products related to hip arthroscopy procedures, primarily on the treatment of femoroacetabular impingement syndrome.

“The addition of Pivot Medical furthers our commitment to develop Stryker’s sports medicine business and provides our customers with additional enabling products and solutions,” Timothy J. Scannell, Stryker’s group president of medsurg and neurotechnology, stated in a company press release. “This acquisition will allow us to combine Pivot’s innovative platforms in hip arthroscopy with Stryker’s knee and shoulder sports medicine solutions, and full line of arthroscopy visualization and tissue resection devices.”