Stryker Corp

Rank: 10
2015 Rank9
Employees27,000
Revenue:$9,946,000,000
R&D Spend:$625,000,000
Fiscal year ending:12-31-15
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Stryker closed out 2013 by closing out its $1.7 billion acquisition of robot-assisted surgery company Mako Surgical and began 2014 with a flurry of other buyouts: hip arthoplasty device maker Pivot Medical; Patient Safety Technologies for $120 million; Berchtold Holding, a German medtech manufacturer specializing in hospital equipment, for $172 million. Later in the year Stryker closed a deal for Small Bone Innovations worth up to $375 million. But the biggest deal of all - Stryker's rumored takeover of British rival Smith and Nephew - never materialized. Stryker also began 2015 with an acquisition, buying Canadian hospital bed maker CHG, and CEO Kevin Lobo has said that MandA is the company's top priority for the $2.59 billion in ready cash it’s carrying on its balance sheet. The company backed that up in July 2015 by buying Turkish hospital bed and stretcher maker Muka Metal. Stryker also agreed to settle thousands of product liability lawsuits over recalled Rejuvenate and ABG-II metal-on-metal hip implants for more than $1 billion. Late in the year Stryker put to rest another legal case it inherited when it bought Otismed, agreeing to pony up $80 million after the company and its former CEO pleaded guilty to distributing knee replacement surgery cutting guides without FDA clearance.

Stryker announced today it has acquired Stanmore Implants Worldwide Limited from SIW Holdings Limited. Stryker’s Spine division today announced that its Tritanium PL Posterior Lumbar Cage, an intervertebral body fusion device that aids in lumbar spinal fixation for patients with degenerative disc disease, has received 510(k) clearance from the FDA. Stryker announced a definitive agreement to acquire 100% of the stock of Physio-Control International, Inc.

2015 Top 500 Solar Contractors Key Personnel: Kevin Lobo, Chairman & CEO; Yin Becker, VP, Communications, Public Affairs & Strategic Marketing; Steven Benscoter, VP, Global HR; Dean Bergy, VP, Secretary; William Berry Jr., VP, Controller; Jeanne Blondia, VP, Finance & Treasurer; Lonny Carpenter, President, Global Quality & Operations & European Business Operations; Irene Corbe, VP, Internal Audit; David Floyd, President, Orthopedics; David Furgason, VP, Tax; Michael Hutchinson, GC; William Jellison, VP, CFO; Katherine Owen, VP, Strategy & Investor Relations; Bijoy Sagar, VP, CIO; Timothy Scannell, President, MedSurg & Neurotechnology; Elizabeth Staub, VP, Regulatory Affairs & Quality Assurance; Ramesh Subrahmanian, President, International; Bronwen Taylor, VP, Compliance & Risk Management;

2825 Airview Boulevard
Kalamazoo, Michigan
49002
USA