It seems that Stryker's growth in new markets can't be stopped right now; the company just completed its acquisition of Canadian-based surgical imaging and reconstructive plastic surgery company
NOVADAQ Technologies, Inc - for $700 million. Corporate headquarters for NOVADAQ is Mississauga, Ontario, with a US headquarters in Bonita Springs, Florida. Not clear if this will bring more jobs to the SW Michigan region in the long-term.
Quote:
Stryker completes $701M acquisition of Canadian surgical tech firm
By Al Jones, MLive
September 01, 2017
KALAMAZOO, MI - Stryker Corp. has completed its $701 million acquisition of surgical imaging innovator Novadaq Technologies Inc., of Canada. Novadaq is a leading developer of fluorescence imaging technology. It provides surgeons with visualizations of blood flow in vessels and into related tissues. The technology has uses in various kinds of medical procedures, including cardiac, cardiovascular, gastrointestinal, plastic, microsurgical and reconstructive surgeries, according to Stryker. The acquisitions - for which Kalamazoo-based Stryker was expected to pay $11.75 for each share of Novadaq - was announced on June 19 with Stryker's Timothy J. Scannell, saying, "Novadaq's unique innovative technology complements Stryker's advanced imaging portfolio and expands our product offerings into open and plastic reconstructive surgery."
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