Business · Companies · 7 hrs ago

Stryker to invest about $400m in CMR Surgical, with option to buy it

Stryker, a US-listed medical technology company, is set to invest about $400m in CMR Surgical.

CMR is a UK company that makes robotic surgery technology.

The deal also gives Stryker the option to buy CMR outright.

That means Stryker can choose whether to acquire the company, but the deal does not say that it has done so.

The investment links a large medical technology company with a company focused on robotic surgery.

The next step described is Stryker deciding whether to use its option to acquire CMR.

Sources

Sifted · 7 hrs ago