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Stryker announces definitive agreement to acquire assets of Instratek

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Stryker announced a definitive agreement to acquire the assets of Restore Surgical LLC, doing business as Instratek.

According to a company press release, Stryker expects the transaction to close in the fourth quarter of 2016 and the transaction is subject to customary closing conditions. A privately held business headquartered in Houston, Instratek offers a portfolio of staple and hammertoe implants and minimally invasive soft tissue recession instrumentation for foot, ankle and upper extremity procedures.

“This acquisition supports our commitment to growth in extremities with products that complement our existing portfolio, strengthen our leadership in the forefoot segment and provide immediate access into minimally invasive soft tissue recession procedures,” David K. Floyd, group president of orthopedics at Stryker, said in the release.

Reference:

www.prnewswire.com/news-releases/stryker-announces-definitive-agreement-to-acquire-the-assets-of-instratek-300327455.html