© Copyright ASC COMMUNICATIONS 2020. October 1: Stryker acquired HyperBranch Medical Technology, a privately held company dedicated to developing medial devices based on its proprietary polymers and cross-linked hydrogels, for $220 million. You must click the activation link in order to complete your subscription. Total Joint Orthopedics and THINK Surgical are partnering on new technology for knee surgery. View our policies here. Stryker and Trauson have maintained a relationship under an OEM agreement for instrumentation sets since 2007. Summary. Could this device help tinnitus sufferers? Such factors include, but are not limited to: weakening of economic conditions that could adversely affect the level of demand for our products; pricing pressures generally, including cost-containment measures that could adversely affect the price of or demand for our products; changes in foreign exchange markets; legislative and regulatory actions; unanticipated issues arising in connection with clinical studies and otherwise that affect U.S. Food and Drug Administration approval of new products; changes in reimbursement levels from third-party payors; a significant increase in product liability claims; the ultimate total cost with respect to the Rejuvenate and ABG II matter; the impact of investigative and legal proceedings and compliance risks; resolution of tax audits; the impact of the federal legislation to reform the United States healthcare system and the 2.3 percent medical device excise tax; changes in financial markets; changes in the competitive environment; our ability to integrate acquisitions, including the acquisition of Trauson Holdings Company Limited; and our ability to realize anticipated cost savings as a result of workforce reductions and other restructuring activities. Stryker and Trauson have maintained a relationship under an OEM agreement for instrumentation sets since 2007. This site uses Akismet to reduce spam. Interested in linking to or reprinting our content? Stryker purchased the Hong Kong-based company for $764 million in cash to expand its presence in a key emerging orthopedic market in China. This press release contains information that includes or is based on forward-looking statements within the meaning of the federal securities law that are subject to various risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such statements. Acquired Organization: Trauson Trauson manufactures spine devices and products for trauma surgeries. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Founded in China in 1986, Trauson had sales in 2011 approximating $60 million and is the leading trauma manufacturer in China and a major competitor in the spine segment. The terms of the agreement were not disclosed, although the acquisition is expected to close in the fourth quarter of 2018. Trauson acquired by Stryker. Preston Wells "The acquisition of Trauson is a critical step toward broadening our presence in China and developing a value segment platform for the emerging markets through a well-established brand, " said Kevin A. Lobo, Stryker's president and CEO, in a January 17 press release.
Copyright © 2020 RRY Publications, LLC. The study — one of the largest clinical trials of a tinnitus treatment to date — indicates the bimodal… […], CartiHeal announced that it received FDA breakthrough device designation for its Agili-C implant for treating cartilage lesions.
In March 2013, Trauson joined Stryker Corporation.
July 10: Stryker made organizational changes to its orthopedics division after Group President of Orthopaedics David Floyd announced his retirement. Silicon Valley veteran, Allan May, joins FundamentalVR as Chairman.
Subscribe to MLive.com. With its research and development expertise, manufacturing capabilities and strength of its distribution network, Trauson is a compelling opportunity for Stryker to drive growth in China and other emerging markets for years to come. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. The acquisition gives Stryker a foothold in the Chinese market, where an ageing population and rising consumption in healthcare is driving demand for orthopedic products. Announced Date Feb 21, 2014; Acquisition Terms Cash; Recent News. Trauson established in 1986, is one of the pioneering enterprises in China’s orthopaedic industry, and one of the leading manufacturers of trauma products and spine products in China by market share. Acquiring Organization: Stryker Stryker is a medical technology company that offers products and services in orthopaedics. Stryker has made big moves in 2018, especially over the past three months, to grow the company across several business lines. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Stryker Corporation, Matthew Harrison Today, it employs more than… […], Orchid Orthopedic Solutions (Holt, Mich.) announced this week that ConMed and Zimmer veteran Nate Folkert has taken over the corner office at the orthopedic medical device industry supplier. Required fields are marked *.
View our policies by, Becker's Dental + DSO Review October Virtual Event, Becker's November CEO + CFO Virtual Event, Becker's Healthcare Post-Acute Virtual Forum, HC1 and Becker's Healthcare Precision Health Virtual Summit, Stryker CEO Kevin Lobo: The hospital OR is no longer 'the center of our universe', Medtronic CEO reports spine growth exceeds expectations, aims to keep taking market share, IMED Surgical alleges orthopedic practice founder duplicated company's product, Smith+Nephew agrees to $240M deal to acquire Integra LifeSciences' extremity orthopedics line, Medtronic plans to grow spine & more: 6 device company key notes, Former spine surgeon accidentally burns down mansion in evidence-destroying venture, University Hospitals to cut all physician pay, Dr. James Chappuis sues Emory Healthcare, surgeon alleging defamation: 6 details, Neurosurgeon charged with manslaughter after car crash kills Alabama med student, Spine surgeon, distributor to plead guilty in kickback scheme that used $4.5M of device company's products, says DOJ, 6 billionaire doctors in the US have a combined net worth of $25.3B, Orthopedic surgeon arrested, charged with possession of opioids with intent to deliver, Coronavirus delays trial of spine surgeon who fled US after allegedly performing 500+ unnecessary surgeries, Dr. Alexander Vaccaro: Why Rothman Orthopaedics is dropping out of bundles, Feds, surgical groups reach $77.2M settlement over allegedly illegal referral arrangement, Police investigating single-vehicle crash that killed Alabama medical student; neurosurgeon survives, 12 of the largest orthopedic practices in the US, Dr. Al Gross clinches 74.9% of vote, wins Alaska's Democratic nomination for US Senate, 20 best hospitals for orthopedics, ranked by US News & World Report, AAOS publishes clinical considerations for return to elective surgery, Michigan neurosurgeon permanently loses license, settles charges he misdiagnosed 250 children, Rothman Orthopaedics could lose $120M in revenue; faces 4K+ backlogged cases, Stryker's April sales down 35-40%, but recovery expected in the coming months: 6 key points from CEO Kevin Lobo, 12 insights on orthopedic surgeon net worth, debt & compensation, Physicians taking steep pay cuts across the US due to COVID-19: 5 observations, CMS suspends Advance Payment Program for physicians, others, Mount Sinai neurosurgeon warns COVID-19 causing sudden strokes in younger patients, CMS pay cut for 26 spine surgeries included in 2021 proposal, Acquisitions, leadership changes & more: 6 big moves from Medtronic, Hospitals with the highest US News rating for orthopedics in each state, Steadman Clinic moves to absorb hospital orthopedic group — 6 things to know, 307 hospitals, ASCs designated as Blue Distinction Centers+ for Spine Surgery, by state, Michigan suspends orthopedic surgeon's license after complaints of high infection rates, failure to exercise due care, Orthopedic surgeon found dead in Texas pond, Dr. Richard Guyer details Tiger Woods' spinal fusion in Centinel Spine patient journey video, Medtronic pulls Infuse bone graft from Australia, $1.75M settlement reached by spine surgeon, DOJ to resolve SpineFrontier kickback allegations, Stryker's CEO takes 50% pay cut, other execs see salary drop due to COVID-19, New York neurosurgeon featured in Netflix docuseries 'Lenox Hill', Hoag Orthopedic Institute restarts some cases, 'willing to adjust' if conditions change, Some OrthoAspen surgeons not offered contracts after Steadman Clinic's acquisition, Spine and Orthopedic Devices and Implants, Stryker, NuVasive, DePuy Synthes & more: 12 device company notes, Stryker to pay $7.8M to settle SEC Foreign Corrupt Practices Act violation charge: 5 things to know, A seismic shift: Telehealth usage during COVID-19—and how it will shape the future of healthcare, Improve financial outcomes through patient self-service capabilities, New software and vendor selection priorities for healthcare providers to survive (and thrive) during the pandemic and beyond, A/R management in the age of COVID-19: Strategies and techniques for overcoming denials, Best practices for spine surgery using a motorized hinge table, Supercharged payment velocity — Insights on Yale New Haven Health's revenue cycle evolution.
The company has over 100 products marketed under its leading brands (Trauson and Orthomed), has an extensive distribution network covering 30 provinces and autonomous regions throughout China, and serves as a supplier of orthopedic products to over 3, 000 hospitals. The deal will allow Proteor to substantially expand its lower limb prosthetics portfolio. Proteor acquires Freedom Innovations’ prosthetics assets. Orthopedic surgeon Mark M. Jones, M.D., joins Hanger, Inc. board of directors. Read More. Folkert succeeded Jerry Jurkiewicz, effective yesterday. June 25: Stryker entered into a definitive agreement to acquire SafeAir, a Swiss medical device company focused on surgical smoke evacuation solutions. Joins Hanger Board of Directors, Smith+Nephew Joins Forces With Avail Medsystems, The Cementless Tibia: A Viable Fixation Alternative, Avail Medsystems Raises $100 Million in Series B Funding, IMED Surgical Files Federal Lawsuit Over External Fixation System, Risky Business – The Hard and Soft Side of Risk Management, Potentially Game-Changing TKA System Has 1st Surgery, Castellvi Meeting’s Remarkable Biomechanics/Biomaterials Course, James R. Lawson, Formerly of Stryker, Passes Away at 76, Gene Sequencing Detected Infection 2x Better Than Culture, Breakthrough Designation to NovoPedics’ Meniscus Replacement, Biorez Raises $3.5 Million and Launches New Website, Alphatec Has Partial Victory in Court Battle With NuVasive, Medacta Receives Clearance to Expand Shoulder System, No Advantage to Rifampin Combination Therapy in PJI.
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