Skadden Reps Stryker In $1.65B Surgical Robotics Co. Buyout

Law360, New York (September 25, 2013, 3:59 PM EDT) -- Medical technology company Stryker Corp. has struck a deal to acquire MAKO Surgical Corp., the surgical robotics manufacturer, for $1.65 billion or $30 per share, the companies announced Wednesday.

Michigan-based Stryker hopes to capitalize on MAKO's robotic-assisted surgery tools, joint implants and bone restructuring procedures, the company said. Stryker, which produces its own implants, can use MAKO's machines to simplify its installation in patients, boosting its competitive advantage in the orthopedics market, it said.

"MAKO has established a compelling technology platform in robotic-assisted surgery which we...
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