Stryker completes takeover of Small Bone Innovations’ US assets

Stryker has finalised its purchase of the North American assets of Small Bone Innovations, a medical technology business based in Pennsylvania.

Small Bone Innovations' range of products are designed and promoted for upper and lower extremity small bone indications, with a focus on small joint replacement.

With this deal, Stryker has acquired the Scandinavian Total Ankle Replacement System, a cementless three-piece system that is the most published product of its kind in the world. 

By purchasing this and other offerings from the Small Bone Innovations portfolio, Stryker has been able to expand its range of offerings for foot and ankle procedures, while gaining a number of finger, wrist, and elbow products.

A separate deal will be closed later this year for the acquisition of the assets of the firm's French and German operations, through which it conducts its international business operations. This takeover remains subject to applicable regulatory approvals.

This comes after Stryker announced that Kevin Lobo, its president and chief executive officer, also assumed the position of chairman of the board.