Mako Bulks Up Surgical Biz Before $1.7B Stryker Takeover

Law360, New York (October 2, 2013, 12:24 PM EDT) -- Mako Surgical Corp. on Wednesday announced a deal to beef up its pipeline of orthopedic devices, adding to the slew of robotic and manual tools that will be sold to Stryker Corp. for $1.65 billion.

Mako will buy all of the design and manufacturing businesses of Pipeline Biomedical Holdings Inc., a New Jersey-based venture-backed portfolio of high-end medical devices. Mako will use a $2.5 million credit from a previous investment in Pipeline and will issue about 4 million shares of stock.

All in, the deal is...
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