![]() Through this acquisition, Stryker also gets its hands on the Mobius Airo scanner, that the company described as a “best-in-class mobile, real-time, diagnostic-quality CT imaging system.” Zimmerman added that while not much detail is available about Cardan Robotics, its robot is apparently “designed to facilitate cannula placement for the various target points used in transforaminal endoscopic decompression, a unique procedure designed for disc herniations, annular tears, and other soft tissue spinal stenosis.” “Though has remained focused on large joint reconstruction with MAKO and downplayed questions about its plans in spinal robotics, we believe the Cardan Robotics component of the acquisition is more interesting and what investors should focus on,” he wrote. The decision to buy Mako six years ago was bold because none of the larger ortho players had envisioned joint replacement procedures to be done by a robot back then let alone spend a billion dollars to get that capability.Īnd now Stryker appears to be taking a bet to bring robotic surgery to the spine, although in a less, eye-popping deal. “At a high level we believe investors should view the transaction positively as made another differentiated bet on robotics with the acquisition.”Īnother differentiated bet is, of course, a reference to the first bet the company took on robotics when it bought Mako Surgical for $1.65 billion back in 2013. “The transaction would have been just another tuck-in but we believe the transaction has broader implications for and its plans in spinal robotics,” wrote Ryan Zimmerman, a research analyst with BTIG, in a research note Thursday. ![]() On the face of it, it appears that the Kalamazoo, Michigan device company was doing what it has a penchant for - tuck-in acquisitions. However, one analyst believes Wednesday’s announcement has far-reaching ramifications. “This acquisition brings expertise in advanced imaging and robotics as well as a robust product pipeline that add to Stryker’s portfolio and will allow the Spine division to provide more complete procedural solutions, including sales, service, and support,” said Spencer Stiles, Stryker’s Group President, Orthopaedics and Spine, in the news release announcing the deal. ![]()
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