Stryker Acquires Instrument Manufacturer Invuity

By Julie A. Vetalice

Stryker (SYK) announced a definitive agreement to purchase instrument manufacturer Invuity (IVTY) in a transaction valued at US $190MM and expected to close in 4Q18.

Invuity has a portfolio of single-use, lighted instruments that deliver enhanced visualization for several applications, including orthopaedic arthroplasty and spine. Founded in 2004, Invuity’s Intelligent Photonics® devices provide direct visualization of the surgical cavity, enabling enhanced precision.

This is Stryker’s second M&A announcement of 3Q18 after last month’s acquisition of K2M.

Sources: Stryker; ORTHOWORLD, Inc.

Tags: M&A