16 Oct dba cardan robotics
Cardan Robotics, founded in 2015, is working to develop innovative robotics and navigation technology systems for surgical and interventional radiology procedures. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes.
“Mobius Imaging and Cardan Robotics bring expertise in advanced imaging and robotics, as well as a robust product pipeline, that … (RTTNews) - Stryker (SYK) said that it agreed to acquire Mobius Imaging, LLC and its sister company, GYS Tech, LLC (DBA Cardan Robotics), in an all cash transaction of about $370 million upfront and up to $130 million of contingent payments associated with development and commercial milestones.
Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. “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.
The acquisition provides Stryker’s Spine division with immediate entry into the intra-operative imaging segment and aligns with Stryker’s implant and navigation offerings. The transaction is subject to customary closing conditions, including expiration of the applicable waiting period under the HSR Act, and is expected to close in the fourth quarter of 2019.
The transaction is expected to have an immaterial impact to Stryker's net earnings in 2019. Registration on or use of this site constitutes acceptance of our, Amazon, Facebook, and other tech stocks may be a 'disaster waiting to happen,' investor Bill Smead says », I went behind the scenes at JFK airport to see how Delta is overhauling its airport experience to try to convince flyers air travel is safe », Why the Earnings Surprise Streak Could Continue for Stryker (SYK), Stryker extends cash tender offer for all outstanding shares of Wright Medical, Here's Why You Should Hold on to Stryker (SYK) Stock Now, Spinal Elements to issue 7.7M shares in IPO at $13-$15 per share, Smith & Nephew plc -- Moody's assigns Baa2 issuer rating to Smith & Nephew plc; outlook stable, 7 Innovative Robotics Stocks to Buy For Future Profits. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
The transaction is expected to have an immaterial impact to Stryker’s net earnings in 2019. "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. Commerce Policy |
The transaction is subject to customary closing conditions, including expiration of the applicable waiting period under the HSR Act, and is expected to close in the fourth quarter of 2019. 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.
Stryker announced an agreement to acquire Mobius Imaging, LLC, and its sister company, GYS Tech, LLC (DBA Cardan Robotics), in an all cash transaction of …
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