21 Facts About Stryker Corporation

1.

Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan.

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2.

Internationally, Stryker Corporation products are sold in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors.

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3.

Orthopedic Frame Company, the precursor of Stryker Corporation, was formed in 1941 by Dr Homer Stryker, a Kalamazoo, Michigan, orthopedist and a 1925 graduate of the University of Michigan Medical School.

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4.

Stryker Corporation developed the Turning Frame, a mobile hospital bed that allowed for repositioning of injured patients while providing necessary body immobility; the cast cutter, a cast cutting apparatus that removed cast material without damaging underlying tissues; and the walking heel, among others.

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5.

In 1979, Stryker made an initial public offering of stock and later acquired Osteonics Corporation, entering the replacement hip, knee, and other orthopedic implants market.

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6.

One report attributes Stryker Corporation's rise from a maker of hospital beds to a world-class medical technology company to Brown.

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7.

In 1998, Stryker Corporation purchased Howmedica, the orthopaedic division of Pfizer, for $1.

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8.

In March 2006, Stryker Corporation absorbed the Haifa, Israel-based Sightline Technologies into its operations.

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9.

In 2009, Stryker Corporation acquired Ascent Healthcare Solutions the market leader in the reprocessing and remanufacturing of medical devices in the US.

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10.

In January 2011, Stryker Corporation acquired the Neurovascular Division of Boston Scientific, which includes products used for the minimally invasive treatment of hemorrhagic and ischemic stroke.

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11.

In June 2011, Stryker Corporation purchased Malvern, Pennsylvania-based Orthovita, a biomaterials company specializing in bone augmentation and substitution technologies.

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12.

In November 2012, Stryker Corporation acquired the Tel Aviv, Israel-based Surpass Medical Ltd.

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13.

Stryker Corporation acquired Patient Safety Technologies, Inc The company offers Safety-Sponge System, an integrated counting and documentation system that prevents surgical sponges and towels from being unintentionally left in patients after surgical procedures.

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14.

In March 2014, Stryker Corporation acquired Pivot Medical, Inc Pivot is a privately held business selling innovative products for hip arthroscopy with operating facilities in Sunnyvale, CA.

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15.

In June 2017, Stryker Corporation acquired Arthrogenx, LLC, which developed the Cobra reusable suture passer for arthroscopic rotator cuff repair and Novadaq.

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16.

In 2018 Stryker Corporation acquired K2M Group Holdings, Inc, producer of complex spine and minimally invasive technology.

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17.

In January 2021, Stryker Corporation announced it would acquire joint replacement technology business, OrthoSensor, Inc In May 2021, Stryker Corporation announced the acquisition of TMJ Concepts.

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18.

On January 27,2000, Stryker Corporation restated its operating results for the year ended December 31,1998, to reduce acquisition-related charges by $30.

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19.

Stryker Corporation maintains that employees involved in the falsification of documents have since been terminated.

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20.

Stryker Corporation having cooperated early in the investigation, was not fined.

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21.

Stryker Corporation recalled several models of medical vacuums sold under the Neptune Waste Management System brand in June and September 2012.

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