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Stryker Makes Big Investment In Spine Surgery With $1.4Bn K2M Acquisition

 
• By Reed Miller

The orthopedics giant will pay $27.50 per share for the Leesburg, Va., company, representing a 27% premium over K2M's average closing price over the last 90 days. The terms of the deal also call for K2M CEO to take over as president of Stryker's Spine business, displacing current president Bradley Paddock.

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• Source: shutterstock.com

Stryker Corp. is building its spine surgery portfolio by acquiring all outstanding and issued shares of K2M Group Holdings Inc. for $1.4bn – $27.50 a share.

"K2M's broad portfolio will strengthen Stryker's Spine offering in the core spinal segment, including an attractive minimally invasive spine portfolio, further Stryker's capabilities in additive manufacturing, and expand the Company's global footprint," Stryker says in an Aug. 30 release announcing the deal

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