1. Stryker closes Wright Medical buy, sells some businesses to DJO
The world’s largest orthopedic device company has grown even bigger. Stryker announced in November that it had closed its $4.7 billion purchase of Wright Medical after months of negotiations with antitrust regulators in the U.S. and UK. To appease regulators, Stryker agreed to divest all assets associated with its total ankle replacements and finger joint implants to DJO Global.
“This acquisition enhances our global market position in trauma and extremities, providing significant opportunities to advance innovation and reach more patients,” Stryker CEO Kevin Lobo said when the deal closed.
