Kalamazoo, Michigan - August 1, 2014 - Stryker Corporation (SYK) announced today the completion of its acquisition of substantially all of the North American assets of Small Bone Innovations, Inc. ("SBi"). A separate closing will be held later this year, following receipt of applicable regulatory approvals, for the acquisition of the assets of the French and German operations, through which the international business of SBi has been conducted.
SBi is a privately held business headquartered in Morrisville, Pennsylvania that was founded by Viscogliosi Brothers, LLC. SBi products are designed and promoted for upper and lower extremity small bone indications, with a focus on small joint replacement. The assets to be acquired include the Scandinavian Total Ankle Replacement System (STAR Ankle). The STAR Ankle is the only PMA approved, cementless, three-piece total ankle replacement system and is the most published total ankle replacement product in the world. With the addition of the STAR Ankle to the Stryker Foot & Ankle product portfolio, Stryker comprehensively addresses the broad range of foot and ankle procedures. Additional assets include finger, wrist, and elbow products, further expanding the existing Stryker upper extremity product offerings.
Stryker is one of the world`s leading medical technology companies and together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative medical technologies, including reconstructive, medical and surgical, and neurotechnology and spine products to help people lead more active and more satisfying lives. Stryker products and services are available in over 100 countries around the world. Please contact us for more information at www.stryker.com.
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Source: Stryker Corporation via GlobeNewswire